OSL HK Lists Gold-Backed Stablecoin USDKG, Expanding Digital Asset Offerings
- OSL HK has listed USDKG, a gold-backed stablecoin issued by the Kyrgyz Republic, pegged at a ratio of 1:1 to the U.S. Dollar.
- The initial issuance of USDKG is valued at $50 million and backed by physical gold reserves audited by Kreston Global.
- USDKG is now available for trading on OSL’s over-the-counter (OTC) platform with an initial trading pair of USDKG/USDT.
- The stablecoin complies with FATF KYC/AML standards and aims to facilitate financial inclusion and efficient cross-border value transfer.
- Supported by major wallets like Ledger Live and MetaMask, USDKG is also accessible through decentralized exchanges such as Curve and Uniswap.
The listing of USDKG underscores OSL’s commitment to enhancing the compliant digital asset ecosystem in Asia while expanding access to regulated assets for professional investors.
With this listing, OSL strengthens its offerings in the digital asset market, providing access to a state-backed stablecoin valued at $50 million backed by gold reserves.
