Hong Kong’s OSL Group to Launch USDGO Stablecoin With Anchorage Digital

USDGO is fully backed by U.S. dollar assets, ensuring compliance with KYC and AML standards.

The stablecoin will be issued under U.S. federal oversight by Anchorage Digital, providing regulatory clarity.

USDGO will support multiple blockchains, with Solana as the first deployment target, ensuring cross-chain interoperability.

Hong Kong-based OSL Group is launching USDGO, a U.S. dollar-backed stablecoin. Anchorage Digital, a federally chartered crypto bank, will issue the token. USDGO aims to support cross-border payments, treasury operations, and on-chain settlements. It will be fully backed by U.S. dollar assets, including U.S. Treasuries.

USDGO Stablecoin for Cross-Border Payments

According to a press release by PR Newswire, the USDGO cryptocurrency will be fully supported by liquid dollar assets at a one-to-one ratio. These consist of U.S. Treasuries and other assets of top quality and high liquidity. The stablecoin intends to adhere to U.S. regulatory standards such as KYC and AML compliance. Besides, it will face harsh scrutiny from third-party audits to be transparent.

OSL Group CEO Kevin Cui said, “USDGO reflects our commitment to enhancing global payment systems.” He added that USDGO will lower transaction costs and improve treasury management. The coin will bridge the gap between fiat currencies and digital assets.

The new token is mainly aimed at enterprise users who are looking for a digital asset compliant with regulations. It will provide support for the issuance of digital assets on various blockchains, thus making it possible for cross-chain interactions. Solana, the first public blockchain to use USDGO, will have more blockchains joining in later.

USDGO Meets U.S. Regulatory Standards

USDGO will be issued under U.S. federal oversight, ensuring regulatory clarity. Anchorage Digital is the first and only federally regulated crypto bank in the U.S. This relationship allows USDGO to offer institutional users a secure, compliant stablecoin for real-world use cases.

The stablecoin’s launch comes as stablecoins continue to gain adoption in global markets. Industry projections indicate that stablecoins will become a $1.9 trillion to $4 trillion market by 2030. The regulatory clarity provided by the GENIUS Act is expected to increase adoption in the U.S. market.

USDGO will be distributed via OSL Digital Securities Limited in Hong Kong. This subsidiary is the first licensed virtual asset trading platform operator in Hong Kong. OSL will serve as the branding partner and distributor for USDGO.

The Role of Anchorage Digital in USDGO’s Issuance

Anchorage Digital will serve as the official issuer of USDGO. The crypto bank’s regulatory oversight brings U.S. bank-level security to the token. This partnership ensures that the token meets the highest compliance standards for global payments.

Nathan McCauley, CEO of Anchorage Digital, stated, “We are proud to support OSL Group with USDGO.” He emphasized that the partnership would provide regulatory clarity for institutions. The collaboration aims to enhance the operational security of digital asset payments.

The stablecoin will be available to businesses in sectors such as e-commerce, gaming, and trade. It is designed to improve efficiency in cross-border payments and settlements. With USDGO, OSL Group is positioning itself as a leader in the compliant digital assets space.