Goldman Sachs-backed BitGo is launching a new USD-pegged stablecoin, USDS, with an official launch planned for January 2025.

- USDS is backed by Treasury bills, repos, and cash.

- 98% of revenue will be distributed among network participants.

- Mining and burning USDS will be available for USD, USDT, and USDC users with no fees.

Will USDS be able to challenge USDT and USDC? 🤔