BitGo Expands Institutional Access to Ethena’s USDe With Rewards Support
BitGo Holdings, Inc. Class A (BTGO)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--BitGo Inc., the digital asset infrastructure company and wholly owned subsidiary of BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo”), today announced support for rewards on USDe, the synthetic dollar developed by Ethena Labs. Clients holding qualifying USDe with BitGo may be eligible to receive monthly rewards without staking or lockup requirements. USDe held in custody with BitGo Bank & Trust, National Association may qualify for rewards, providing clients with an integrated experience across BitGo’s platform.The addition of USDe rewards further expands the range of assets and services available to institutional clients across the BitGo platform.“BitGo is focused on expanding the tools institutions can use to manage digital assets within a secure and streamlined framework,” said Mike Belshe, CEO and Co-founder of BitGo. “Support for USDe rewards gives eligible clients another way to hold digital assets on the BitGo platform while maintaining liquidity and op
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