OSL Group (863.HK) (OSL), a worldwide stablecoin fee and buying and selling platform, right now introduced that its Hong Kong-licensed digital asset alternate OSL HK has formally listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. The itemizing marks a big step in bringing a state-supervised, asset-backed digital forex to one of many world’s most established licensed digital asset markets.
Pegged 1:1 to the U.S. Greenback and absolutely backed by bodily gold reserves, USDKG is now accessible to skilled traders via OSL’s institutional-grade infrastructure. The preliminary buying and selling pair USDKG/USDT is now accessible to skilled traders throughout OSL HK’s over-the-counter (OTC) platform.
The itemizing of USDKG aligns with OSL’s dedication to contribute to the event of a safe and compliant digital asset ecosystem in Asia and past. It additionally expands USDKG’s attain into new markets via a regulated platform aligned with institutional requirements, supporting its use in cross-border settlement and broader monetary purposes.
Jason Liu, World Alternate COO of OSL, stated: “OSL is devoted to offering traders with entry to regulated, modern property. The itemizing of USDKG not solely enriches OSL’s product choices for the market, but additionally strengthens its compliant stablecoin ecosystem, because the introduction of a state-backed, compliant digital asset additional underscores OSL’s credibility and management throughout the trade.”
Biibolot Mamytov, CEO of Gold Greenback (USDKG), stated: “This itemizing represents an necessary milestone for USDKG as we enter one of the established and extremely regulated digital asset markets globally. Hong Kong is extensively thought to be the gold commonplace for digital asset regulation, and dealing with OSL displays our deal with transparency, gold-backed reserves, and institutional-grade infrastructure.”
About USDKG
USDKG is issued by OJSC Digital Asset Issuer, a state-owned entity below Kyrgyzstan’s Ministry of Finance, with an preliminary issuance of $50 million backed by bodily gold reserves audited by Kreston World. The stablecoin is deployed on Ethereum and TRON, with good contract audits carried out by ConsenSys Diligence.
The token is already accessible via decentralized exchanges, together with Curve and Uniswap, and supported by main wallets equivalent to Ledger Reside, MetaMask, Belief Pockets, and TronLink. The stablecoin is absolutely 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 place itself as a regional first-mover in regulated, asset-backed digital currencies, bridging conventional finance and blockchain infrastructure whereas sustaining full sovereign oversight and public accountability.
About OSL Group
OSL Group (HKEX: 863) is a worldwide stablecoin fee and buying and selling platform that strives to offer compliant and environment friendly digital monetary infrastructure providers globally, empowering enterprises, monetary establishments and people to seamlessly alternate, pay, commerce, and settle between fiat and digital currencies. Grounded within the core values of Open, Safe, and Licensed, it’s dedicated to constructing a extra environment friendly ecosystem that connects international markets and allows immediate, seamless and compliant worth motion worldwide. For media inquiries, customers can contact: [email protected]
Disclaimer
This text is for informational functions solely and doesn’t represent, and shall not be construed as, a proposal, solicitation, invitation, suggestion, or inducement to purchase, promote, subscribe for, or in any other case deal in any digital property, securities, or monetary merchandise. It doesn’t represent monetary, funding, authorized, tax, accounting, or different skilled recommendation and shouldn’t be relied upon as such. The views, statements, and knowledge contained herein don’t essentially replicate the official positions or commitments of OSL Group or any of its associates. Any descriptions of merchandise, providers, promotions, or programmes are for normal reference solely. Participation in any merchandise, providers, or promotions talked about is topic to relevant phrases, situations, and regulatory necessities. This text might include forward-looking statements or indicative data. Precise outcomes might differ materially, and OSL Group assumes no obligation to replace such data.
The put up OSL Strengthens Asia’s Digital Asset Ecosystem with Itemizing of State-Supervised Gold-Backed Stablecoin USDKG appeared first on BeInCrypto.