The OSL team (863.HK) (OSL), a global stablecoin payment and trading platform, today announced that Hong Kong’s digital asset exchange OSL HK has officially registered. USDKGA gold-backed stablecoin issued by the Kyrgyz Republic. The list marks a major step in bringing a government-controlled, financial-backed digital currency to one of the world’s largest licensed markets.
Pegged 1:1 to the US Dollar and backed by real gold reserves, USDKG is now available to professional investors through OSL’s institutional infrastructure. The initial USDKG/USDT trading pairs are now available to financial professionals on OSL HK’s over-the-counter (OTC) platform.
The USDKG listing is in line with OSL’s commitment to contribute to the creation of a secure and inclusive digital economy in Asia and beyond. It also expands USDKG’s reach into new markets through a managed platform compliant with institutional standards, facilitating its use in setting limits and leveraging capital.
Jason Liu, OSL’s Global Exchange COOsaid: “OSL is committed to providing investors with access to regulated and innovative products. The listing of USDKG not only increases OSL’s product offerings in the market, but also strengthens its stablecoin ecosystem, while the establishment of a government-backed, digital-based economy further confirms OSL’s credibility and leadership in the market.”
Biibolot Mamytov, CEO of Gold Dollar (USDKG)said: “These documents represent an important step for USDKG as we move into the world’s most stable and regulated markets. Hong Kong is recognized as the gold standard for digital assets, and working with OSL demonstrates our commitment to transparency, gold-backed repositories, and infrastructure.”
About USDKG
USDKG is issued by OJSC Virtual Asset Issuer, a government agency under the Ministry of Finance of Kyrgyzstan, and the first issuance of $ 50 million with the help of the gold reserves observed by Kreston Global. The stablecoin is being used on Ethereum and TRON, and the intelligence analysis of the agreement is done by ConsenSys Diligence.
The token is already available through international exchanges, including Curve and Uniswap, and supported by major wallets such as Ledger Live, MetaMask, Trust Wallet, and TronLink. Stablecoin is fully compliant with FATF KYC/AML standards and is designed to facilitate financial integration and cross-border value transfers.
With these listings, Kyrgyzstan continues to position itself as the first financial sector in regulated, asset-backed digital economy, bridging the traditional economy with blockchain infrastructure while maintaining full oversight and public accountability.
More on OSL Group
The OSL team (HKEX: 863) is a global stablecoin payment and trading platform that strives to provide integrated and efficient digital financial services around the world, empowering businesses, financial institutions and individuals to exchange, pay, sell, and settle between digital currencies. Based on the core principles of Open, Secure, and Licensed, it is committed to creating the most efficient ecosystem that connects global markets and enables instant, seamless and coordinated global traffic. For press inquiries, users can contact: media@osl.com
Disclaimer
This article is for informational purposes only and is not intended to, and shall not be construed as, an offer, solicitation, solicitation, recommendation, or solicitation to buy, sell, subscribe, or sell 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 opinions, statements, and information contained herein do not reflect the responsibility or commitment of OSL Group or any of its affiliates. Any descriptions of products, services, advertising, or software are for general use only. Participation in any product, service, or promotion is subject to applicable terms, conditions, and regulations. This article may contain forward-looking statements or information. Actual results may vary, and OSL Group assumes no responsibility for such changes.
A note OSL Strengthens Asia’s Financial System With Gold-Backed Stablecoin List Managed by Government USDKG appeared for the first time BeInCrypto.
