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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.

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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