Xcode 12.3 will not build new projects

Hi guys!

The title of the post says it all, I can not get xCode 12.3 to build any C++ project made in UE4. It can be a completely new, empty, fresh project with no content and it will not compile. I exported the entire xCode log of the last C++ project I tried to build to the attached text file and I also screen shorrted the most relevant part of the log and attached it.

The error reads:
Command /Users/Shared/Epic Games/UE_4.26/Engine/Build/BatchFiles/Mac/XcodeBuild.sh failed with exit code 1

Has anyone dealt with this?

My specs

2018 Mac Mini
macOS Big Sur 11.1
64gb DDR4
Radeon RX 580 4gb eGPU
xCode 12.3
Unreal Engine 4.26