HONG KONG, Could 21 — OSL Group (863.HK) (OSL), a worldwide stablecoin cost and buying and selling platform, as we speak 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 major 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 totally backed by bodily gold reserves, USDKG is now accessible to skilled buyers by means of OSL’s institutional-grade infrastructure. The preliminary buying and selling pair USDKG/USDT is now accessible to skilled buyers 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 by means of a regulated platform aligned with institutional requirements, supporting its use in cross-border settlement and broader monetary purposes.
Jason Liu, World Trade COO of OSL, stated:
“OSL is devoted to offering buyers with entry to regulated, progressive property. The itemizing of USDKG not solely enriches OSL’s product choices for the market, but in addition 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 probably the most established and extremely regulated digital asset markets globally. Hong Kong is extensively considered 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 underneath 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 performed by ConsenSys Diligence.
The token is already accessible by means of decentralized exchanges, together with Curve and Uniswap, and supported by main wallets comparable to Ledger Reside, 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 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.
Web site: https://www.usdkg.com/
Media Contact
William Campbell,
Advisory Lead
Electronic mail: enterprise@usdkg.com
About OSL Group
OSL Group (HKEX: 863) is a worldwide stablecoin cost and buying and selling platform that strives to offer compliant and environment friendly digital monetary infrastructure companies 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 permits instantaneous, seamless and compliant worth motion worldwide. For media inquiries, please contact: media@osl.com.
Disclaimer
This text is for informational functions solely and doesn’t represent, and shall not be construed as, a suggestion, solicitation, invitation, advice, 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 data contained herein don’t essentially replicate the official positions or commitments of OSL Group or any of its associates. Any descriptions of merchandise, companies, promotions, or programmes are for common reference solely. Participation in any merchandise, companies, or promotions talked about is topic to relevant phrases, situations, and regulatory necessities. This text could include forward-looking statements or indicative data. Precise outcomes could differ materially, and OSL Group assumes no obligation to replace such data.
