-
Solomon Islands says China security pact to remain secret
-
Tharp, 20, breaks 110m hurdles world record at NCAA championships
-
Thailand sentences Chinese Uyghurs to death in 2015 shrine bombing case
-
'Victory' or 'peace': Russian Orthodox believers question Church's war stance
-
Ukrainian mother's agony highlights abuse and weaponisation of draft
-
Swiss to vote on stricter rules for conscientious objection
-
'Resilient' Knicks on brink of NBA title after record rally
-
Suspense surrounds Swiss anti-immigration vote
-
Rising costs and competition threaten GoPro
-
A taste of home: Zimbabwe restaurants revive traditional food
-
AI gold rush upends San Francisco housing market
-
'It just hurts': Spurs search for answers after epic collapse against Knicks
-
World Cup set for kickoff after high ticket prices, visa issues dog buildup
-
Several arrested outside NBA Finals in New York
-
Knicks stage historic comeback to beat Spurs, one win from NBA title
-
The Indian workers training AI robots to take their jobs
-
AI robot cleaners leave the lab for China's living rooms
-
In ageing South Korea, AI dolls care for the elderly
-
S.Korea hits Coupang with record fine over e-commerce data leak
-
Stocks drop, oil rises as Iran and rate worries dog traders
-
Giants under pressure in open Women's T20 World Cup
-
Antonelli seeks sixth straight win at Barcelona Grand Prix
-
Russia's conscripts recount pressure to fight in Ukraine
-
Twenty-two countries tell Iran to stop attacks 'on our soil'
-
ECB set to hike interest rates to tame Iran war inflation surge
-
Pilots demand answers ahead of Air India crash anniversary
-
Iran's World Cup super fans excited for football despite the war
-
Drone rescue highlights US Navy's autonomous push
-
All in on Musk, SpaceX's self-declared 'dream weaver'
-
South Africa brace for Azteca test against Mexico
-
SpaceX on cusp of record IPO that could make Musk a trillionaire
-
G7 summit under tight security on both sides of Lake Geneva
-
Singer Taylor Swift courtside as Knicks duel Spurs in NBA Finals
-
Milestone-man McKenzie ready to 'rip' into Crusaders in Super semi
-
Son keeping 'fired-up' South Koreans calm as World Cup kicks off
-
US renews Iran attacks, Tehran says it closed Strait of Hormuz
-
Macron says trust in France institutions 'at stake' after girl's killing
-
Portugal beat Nigeria in World Cup tune-up despite Ronaldo woes
-
Gordon stars in England World Cup warm-up win after storm delay
-
Canada moves to ban under-16s from social media, regulate AI
-
Record lobby cash shapes EU pro-business agenda, campaigners say
-
"I love the inflation": Trump comment on latest price jump sparks backlash
-
South Asia monsoon risks both floods and drought: experts
-
World Cup blends soccer with global music stars
-
Northern Irish police use water cannon on second night of protests
-
Raphinha eager to deliver for Ancelotti as Brazil get set for World Cup bid
-
Trump brushes off latest US inflation jump
-
FIFA boss Infantino defends World Cup ticket prices, brushes off visa row
-
Lutkenhaus confirms emergence at Oslo Diamond League, Tebogo beats Gout Gout
-
French pop icon Bruel charged with rape, sexual assault
OSL Strengthens Asia’s Digital Asset Ecosystem with Listing of State-Supervised Gold-Backed Stablecoin USDKG
OSL Group (863.HK) (OSL), a global stablecoin payment and trading platform, today announced that its Hong Kong-licensed digital asset exchange OSL HK has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. The listing marks a significant step in bringing a state-supervised, asset-backed digital currency to one of the world’s most established licensed virtual asset markets.
Pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves, USDKG is now accessible to professional investors through OSL’s institutional-grade infrastructure. The initial trading pair USDKG/USDT is now available to professional investors across OSL HK’s over-the-counter (OTC) platform.
The listing of USDKG aligns with OSL's commitment to contribute to the development of a secure and compliant digital asset ecosystem in Asia and beyond. It also expands USDKG’s reach into new markets through a regulated platform aligned with institutional standards, supporting its use in cross-border settlement and broader financial applications.
Jason Liu, Global Exchange COO of OSL, said: “OSL is dedicated to providing investors with access to regulated, innovative assets. The listing of USDKG not only enriches OSL's product offerings for the market, but also strengthens its compliant stablecoin ecosystem, as the introduction of a state-backed, compliant digital asset further underscores OSL's credibility and leadership within the industry.”
Biibolot Mamytov, CEO of Gold Dollar (USDKG), said: “This listing represents an important milestone for USDKG as we enter one of the most established and highly regulated digital asset markets globally. Hong Kong is widely regarded as the gold standard for digital asset regulation, and working with OSL reflects our focus on transparency, gold-backed reserves, and institutional-grade infrastructure.”
About USDKG
USDKG is issued by OJSC Virtual Asset Issuer, a state-owned entity under Kyrgyzstan’s Ministry of Finance, with an initial issuance of $50 million backed by physical gold reserves audited by Kreston Global. The stablecoin is deployed on Ethereum and TRON, with smart contract audits conducted by ConsenSys Diligence.
The token is already accessible through decentralized exchanges, including Curve and Uniswap, and supported by major wallets such as Ledger Live, MetaMask, Trust Wallet, and TronLink. The stablecoin is fully compliant with FATF KYC/AML standards and is designed to facilitate financial inclusion and efficient cross-border value transfer.
With this listing, Kyrgyzstan continues to position itself as a regional first-mover in regulated, asset-backed digital currencies, bridging traditional finance and blockchain infrastructure while maintaining full sovereign oversight and public accountability.
About OSL Group
OSL Group (HKEX: 863) is a global stablecoin payment and trading platform that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Licensed, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide. For media inquiries, users can contact: [email protected]
Disclaimer
This article is for informational purposes only and does not constitute, and shall not be construed as, an offer, solicitation, invitation, recommendation, or inducement to buy, sell, subscribe for, or otherwise deal in any digital assets, securities, or financial products. It does not constitute financial, investment, legal, tax, accounting, or other professional advice and should not be relied upon as such. The views, statements, and information contained herein do not necessarily reflect the official positions or commitments of OSL Group or any of its affiliates. Any descriptions of products, services, promotions, or programmes are for general reference only. Participation in any products, services, or promotions mentioned is subject to applicable terms, conditions, and regulatory requirements. This article may contain forward-looking statements or indicative information. Actual outcomes may differ materially, and OSL Group assumes no obligation to update such information.
Contact
Gold Dollar — USDKG[email protected]
Source article: https://chainwire.org/2026/05/21/osl-strengthens-asias-digital-asset-ecosystem-with-listing-of-state-supervised-gold-backed-stablecoin-usdkg/
D.Schneider--BTB