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News Explorer — BitGo Launches USDS Stablecoin Into Crowded Market

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Sep 18, 5:29 pm
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BitGo Launches USDS Stablecoin Into Crowded Market

BitGo has launched its own U.S. dollar-pegged stablecoin called USDS, aiming to prioritize fairness, transparency, and market neutrality. The launch comes as BitGo competes with Coinbase, which recently introduced a wrapped Bitcoin token called cbBTC. Stablecoins are controversial assets in the crypto space, with regulators seeking to control the industry and banks warning of potential risks to financial stability.

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