According to ME News, on June 16 (UTC+8), OSL Group (HKEX: 863), a global stablecoin payment and trading platform, announced that the circulating supply of its compliant enterprise-grade stablecoin, USDGO, has surpassed $500 million. USDGO has established a diversified ecosystem encompassing reserves, payments, trading, and infrastructure, addressing real-world economic needs such as cross-border payments, fiat on/off-ramps, and institutional fund transfers, providing the technical and operational foundation to support higher-frequency and larger-volume payment, clearing, and fund transfer demands. Following BUIDL by BlackRock and STBXX by Goldman Sachs, JLTXX, JPMorgan Chase’s tokenized fund, has recently become the latest reserve asset source for USDGO. USDGO is pegged 1:1 to the U.S. dollar and is fully backed by high-quality liquid assets such as cash and short-term U.S. Treasury securities. It is issued by Anchorage Digital Bank N.A., the first federally regulated crypto bank in the United States, with OSL serving as its brand operator and distributor. Jason Liu, Head of Stablecoin Business at OSL Group, said: “Surpassing $500 million in circulating supply marks a significant milestone in USDGO’s development. For an enterprise-grade compliant stablecoin, robust liquidity scale lays a solid foundation for expanding broader commercial applications. Through building a diversified ecosystem, USDGO will continue collaborating with partners to enhance the global payment network and further unlock the value of compliant enterprise stablecoins in the real economy, meeting the urgent needs of markets and customers.” (Source: Foresight News)
USDGO circulation exceeds $500M, expanding real-world use cases
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Summary
On-chain data shows that USDGO’s circulation surpassed $500 million as of June 16 (UTC+8), according to MetaEra. OSL Group’s regulated stablecoin now supports cross-border payments, fiat on- and off-ramps, and institutional transfers. JPMorgan’s JLTXX joins BlackRock’s BUIDL and Goldman Sachs’ STBXX as a reserve asset. Pegged 1:1 to the US dollar, USDGO is backed by cash and short-term U.S. Treasuries. Anchorage Digital Bank issues the coin, with OSL managing branding and distribution. Jason Liu called the milestone a key step toward broader adoption. The Fear & Greed Index remains neutral as USDGO aims to expand real-world use cases.
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