OSL Group (863.HK) (OSL), a worldwide stablecoin funds and buying and selling platform, right now introduced that Hong Kong-licensed digital asset change OSL HK has formally listed USDKG, a gold-backed stablecoin issued by the Kyrgyz Republic. This itemizing marks an necessary step in introducing state-supervised, asset-backed digital currencies into one of many world’s most established licensed digital asset markets.
USDKG is pegged 1:1 to the US greenback, is totally backed by bodily gold reserves, and is now accessible to skilled traders by way of OSL’s institutional-grade infrastructure. The primary buying and selling pair USDKG/USDT is now out there to skilled traders by way of OSL HK’s over-the-counter (OTC) platform.
The itemizing of USDKG is in step with OSL’s dedication to contributing to the event of a safe and compliant digital asset ecosystem in Asia and the remainder of the world. It’s going to additionally develop USDKG’s attain into new markets by way of a regulated platform aligned with institutional requirements, supporting cross-border funds and use in broader monetary purposes.
“OSL is devoted to offering traders with entry to regulated and revolutionary property. The itemizing of USDKG not solely enriches OSL’s product providing for the market, but additionally strengthens the compliant stablecoin ecosystem because the introduction of state-backed compliant digital property additional highlights OSL’s credibility and management inside the trade,” mentioned Jason Liu, OSL’s World Change COO.
“This itemizing marks a big milestone for USDKG as we enter one of many world’s most established and extremely regulated digital asset markets. Hong Kong is extensively considered the gold customary for digital asset regulation, and our collaboration with OSL displays our give attention to transparency, gold-backed reserves, and institutional-grade infrastructure,” mentioned Vivolot Mamitov, CEO of Gold Greenback (USDKG).
About USDKG
USDKG is issued by OJSC Digital Asset Issuance Firm, a state-owned firm beneath the Kyrgyz Ministry of Finance, with an preliminary issuance of $50 million and is backed by bodily gold reserves audited by Creston World. The stablecoin shall be sensible contract audited by ConsenSys Diligence and deployed on Ethereum and TRON.
The token is already accessible by way of decentralized exchanges reminiscent of Curve and Uniswap, and supported by main wallets reminiscent of Ledger Dwell, MetaMask, Belief Pockets, and TronLink. The stablecoin is totally compliant with FATF KYC/AML requirements and is designed to facilitate monetary inclusion and environment friendly cross-border worth switch.
With this itemizing, Kyrgyzstan continues to determine itself as a regional pioneer in regulated asset-backed digital currencies, bridging conventional finance and blockchain infrastructure, whereas sustaining full sovereign oversight and public accountability.
media contact
Gold Greenback – USDKG
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About OSL Group
OSL Group (HKEX: 863) is a worldwide stablecoin funds and buying and selling platform that goals to supply compliant and environment friendly digital monetary infrastructure companies all over the world, enabling companies, monetary establishments and people to seamlessly change, pay, commerce and settle between fiat and digital currencies. Primarily based on our core values of open, safe, and licensed, we’re working to construct a extra environment friendly ecosystem that connects world markets and permits the moment, seamless, and compliant motion of worth all over the world.
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