OSL Lists Gold-Backed USDKG Stablecoin in Asian Markets

OSL Group is a publicly listed, Hong Kong-based digital asset and blockchain platform that connects traditional finance (TradFi) and the blockchain economy. OSL Group has disclosed that OSL HK, a Hong Kong-licensed digital asset exchange, has publicly listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic.

This listing indicates a significant step in bringing a state-supervised, asset-backed digital currency to one of the world’s most developed licensed virtual asset markets. USDKG is easily accessible to professional investors via OSL’s institutional –grade infrastructure; USDKG is pegged 1:1 to the U.S. Dollar and fully backed by physical gold resources.

OSL is selected to facilitate professional investors with seamless access to regulated, innovative assets that offer utility and stability. The basic trading pair USDKG/USDT is now available to professional investors across both OSL HK’s over-the-counter (OTC) and its Pro trade platforms.

The unique listing unlocks another spending option for users living in Asia in response to existing spending methods. This development helps users to get benefits from the newly built stablecoin in the region of Asia.

The listing of USDKG matches with our commitment to participate in the growth of a protected and compliant digital asset ecosystem in Asia and beyond. The listing also extends USDKG’s accessibility into new markets via a systematic platform linked with institutional standards, helping its use in cross-border settlement and wider financial applications.

Biibolot Mamytov, CEO, Gold Dollar (USDKG), expressed his thoughts. He 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.”