Global crypto custodian BitGo appointed Ben Reynolds, formerly president of Silvergate Bank, as managing director on November 1 to lead the development and expansion of its USD Standard stablecoin. Reynolds, who has over 25 years of experience in fintech and banking, will focus on growing BitGo’s stablecoin presence worldwide. Raynolds is expected to accelerate the global adoption of BitGo’s stablecoin following his tenure at Silvergate, a bank impacted by significant financial challenges after the FTX collapse in 2022. While at Silvergate, Reynolds played a key role in scaling the bank to a public company.
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