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OSL Strengthens Asia’s Digital Asset Ecosystem With Listing of State-Supervised Gold-Backed Stablecoin USDKG

OSL Group, a licensed global digital asset platform, has listed the gold-backed stablecoin USDKG on its Hong Kong exchange, OSL HK. Issued by a state-owned entity under the Kyrgyz Republic's Ministry of Finance, USDKG is pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves. The listing provides professional investors access to the token via an OTC USDKG/USDT trading pair on OSL's regulated platform. This move aims to strengthen Asia's compliant digital asset ecosystem and expand USDKG's use in cross-border settlements. OSL officials highlighted the listing as a step toward offering regulated, innovative assets, while USDKG's issuer emphasized alignment with Hong Kong's high regulatory standards. USDKG, audited by Kreston Global and deployed on Ethereum and TRON, is also available on decentralized exchanges and major wallets, complying with FATF standards.

TheNewsCrypto05/21 11:05

OSL Strengthens Asia’s Digital Asset Ecosystem With Listing of State-Supervised Gold-Backed Stablecoin USDKG

TheNewsCrypto05/21 11:05

OSL Strengthens Asia’s Digital Asset Ecosystem with Listing of State-Supervised Gold-Backed Stablecoin USDKG

OSL Group, a global stablecoin payment and trading platform, announced that its Hong Kong-licensed exchange OSL HK has listed USDKG, a gold-backed stablecoin issued by the Kyrgyz Republic. This move introduces a state-supervised, asset-backed digital currency to Hong Kong's regulated virtual asset market. USDKG is pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves held by a Kyrgyz state-owned entity. It is now available to professional investors on OSL HK's platform via the USDKG/USDT trading pair. The listing aims to expand USDKG's reach through regulated channels for use in cross-border settlements and financial applications. OSL executives stated the listing enriches their product offerings and strengthens their compliant stablecoin ecosystem. USDKG's CEO highlighted the partnership with OSL as a milestone, emphasizing Hong Kong's strong regulatory standards and their shared focus on transparency and institutional-grade infrastructure. USDKG is deployed on Ethereum and TRON, audited by ConsenSys Diligence, and compliant with FATF standards. The listing positions Kyrgyzstan as a regional leader in regulated, asset-backed digital currencies.

TheNewsCrypto05/21 10:25

OSL Strengthens Asia’s Digital Asset Ecosystem with Listing of State-Supervised Gold-Backed Stablecoin USDKG

TheNewsCrypto05/21 10:25

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