Crypto custodian BitGo has announced the hiring of former Silvergate Bank President Ben Reynolds as Managing Director and Head of U.S. Dollar Standards, responsible for overseeing the development of BitGo's U.S. dollar stablecoin USDS, which is set to launch next year.

Foresight News reports that the cryptocurrency custody institution BitGo has announced the hiring of former Silvergate Bank President Ben Reynolds as Managing Director and Head of USD Standards. Ben will be responsible for overseeing the development of BitGo's USD standard stablecoin USDS, which is set to launch next year.

BitGo Appoints Former Silvergate Bank President as Managing Director and Head of Stablecoin Business