BitGo has added support for its 101st asset as the crypto custody startup works to offer a wide spectrum of services for institutional investors.
Revealed exclusively to CoinDesk, BitGo now handles the Winklevoss brothers’ Gemini dollar (GUSD), which followed its hundredth asset, Circle’s Circle USD (USDC), added on Nov. 6. Both are so-called stablecoins, designed to maintain parity with the U.S. dollar, as are other BitGo additions over the past six months such as MakerDAO’s dai, Paxos’ Paxos Standard (PAX) and TrustToken’s TrueUSD (TUSD).
This asset class represents one of the year’s most popular new flavors of cryptocurrency, with a new stablecoin introduced seemingly every week promising the speed and ease of bitcoin without the volatility.