**BitGo Enters Stablecoin Arena with USDS! đ€**
- BitGo, backed by Goldman Sachs, is launching a new stablecoin, USDS, pegged to the US dollar.
- Scheduled for January 2025, USDS is backed by Treasury Bills, repos, and cash.
- Unlike USDT and USDC, USDS gives 98% of earnings to network supporters.
- Rewards go to entities providing "sufficient liquidity" and registering with BitGo.
- Users can mint USDS with USD, USDT, or USDC, and burn USDS for the same currencies.
- BitGo aims to foster a balanced ecosystem, not compete with other exchanges.
Stay tuned for more crypto fun!
