OSL Group Officially Launches Regulated Enterprise Stablecoin USDGO

OSL Group (863.HK), Asia’s main stablecoin buying and selling and cost platform, right this moment introduced the official launch of USDGO, a regulated enterprise compliant U.S. greenback stablecoin. As a cornerstone of OSL Group’s world cost infrastructure, USDGO is positioned for institutional settlement and company funds, serving the cross-border enterprise ecosystem of Asian enterprises. Leveraging its enterprise-level options and providers, USDGO offers customers with a compliant device for liquidity administration and settlement. It is devoted to the long-term empowerment of the actual financial system, aiming to turn into a major alternative for world enterprises looking for on-chain cross-border funds.

An preliminary batch of US$50 million in USDGO stablecoins has been minted and deployed on the general public blockchain of Solana, with plans to broaden to extra chains sooner or later, creating additional synergies with OSL Group’s cost enterprise. A federally regulated stablecoin, USDGO is 1:1 US dollar-backed and undergoes stringent third-party audits. It is issued by Anchorage Digital Bank N,A., the primary federally chartered crypto financial institution within the United States, with OSL Group serving because the branding operator and distributor.

Leveraging bank-grade treasury administration expertise and technical help for on-chain belongings, USDGO — federally regulated and accessible throughout a number of world jurisdictions — can present 24/7 liquidity help for varied customers, together with firms, establishments, and people. It gives a low-friction “stablecoin-to-fiat” buying and selling and settlement expertise, permitting for simpler capital administration.

For enterprise shoppers centered on compliance and technical assurance, USDGO is designed to deal with ache factors round “viability, safety, and scalability.” It empowers enterprises with cross-chain, cross-platform, cross-market, and cross-currency transaction and cost capabilities to extract efficiencies and price financial savings over conventional channels. USDGO will proceed to broaden its providers and functions, offering compliant and safe on-chain cost options for high-frequency real-world enterprise eventualities, together with cross-border e-commerce, worldwide commerce, monetary providers, and interactive leisure.

Kevin Cui, Executive Director and Chief Executive Officer of OSL Group, mentioned:

“As a regulated enterprise stablecoin, USDGO was engineered from the begin to be the ‘digital lifeblood’ of the actual financial system. By offering a variety of providers, notably company settlement and cross-border funds, USDGO goals to turn into the popular compliant stablecoin alternative for the cross-border enterprise ecosystems of enterprises in Asia and globally, steadfastly enhancing effectivity for the worldwide monetary system and creating worth for real-world functions.”

Nathan McCauley, Co-founder and CEO of Anchorage Digital, mentioned:

“The launch of USDGO is a vital step ahead for compliant stablecoins. What issues most isn’t novelty, however whether or not these belongings could be trusted to function in actual cost flows and actual treasury environments. USDGO displays the form of progress the business needs-built to work inside current monetary methods, not round them. We’re excited to proceed collaborating with OSL Group to assist advance a future the place compliant digital belongings are meaningfully built-in into the actual financial system.”

Important Notes

USDGO is designed to satisfy the rigorous requirements of the GENIUS Act, and is 1:1 backed by 1:1 high-quality liquid belongings, together with U.S. Treasuries. Anchorage Digital Bank will concern USDGO. OSL Group would be the branding associate, and OSL Group subsidiaries with acceptable licenses and regulatory registrations will act as distributors for USDGO. In Hong Kong, USDGO will solely be distributed by way of OSL Digital Securities Limited, the primary licensed digital asset buying and selling platform operator in Hong Kong.

About USDGO

USDGO is a federally regulated and third-party audited U.S. greenback stablecoin purpose-built for the GENIUS period. It is 1:1 backed by high-quality liquid belongings, together with U.S. Treasuries. Anchorage Digital Bank is the issuer. OSL Group is the branding associate. With enterprise-grade providers, USDGO goals to turn into a compliant liquidity and settlement device connecting Web 3 industries and conventional finance with on-chain operations. It permits enterprises to orchestrate world capital by way of compliant cost rails, efficient treasury administration, and numerous digital belongings entry, and is devoted to the long-term empowerment of the actual financial system.

For extra info, please go to USDGO’s official web site: www.usdgo.com.

About OSL Group

OSL Group (HKEX: 863) is Asia’s main stablecoin buying and selling and cost platform that strives to supply compliant and environment friendly digital monetary infrastructure providers globally, empowering enterprises, monetary establishments and people to seamlessly trade, pay, commerce, and settle between fiat and digital currencies. Grounded within the core values of Open, Secure, and Licensed, it’s dedicated to constructing a extra environment friendly ecosystem that connects world markets and permits prompt, seamless and compliant worth motion worldwide.

For media inquiries, please contact: media@osl.com

About Anchorage Digital

Anchorage Digital is a worldwide crypto platform that permits establishments to take part in digital belongings by way of buying and selling, staking, custody, governance, settlement, stablecoin issuance, and the business’s main safety infrastructure. Home to Anchorage Digital Bank N.A., the primary federally chartered crypto financial institution within the U.S., Anchorage Digital additionally serves establishments by way of Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody pockets Porto by Anchorage Digital. The firm is funded by main establishments together with Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation over $4.2 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has workplaces in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota.

Learn extra at anchorage.com, on X @Anchorage, and on LinkedIn.

Disclaimer

This article is for informational functions solely and doesn’t represent, and shall not be construed as, a suggestion, solicitation, invitation, advice, or inducement to purchase, promote, subscribe for, or in any other case deal in any digital belongings, securities, or monetary merchandise. It doesn’t represent monetary, funding, authorized, tax, accounting, or different skilled recommendation and shouldn’t be relied upon as such. The views, statements, and data contained herein don’t essentially replicate the official positions or commitments of OSL Group or any of its associates. Any descriptions of merchandise, providers, promotions, or programmes are for common reference solely.Participation in any merchandise, providers, or promotions talked about is topic to relevant phrases, situations, and regulatory necessities. This article could include forward-looking statements or indicative info. Actual outcomes could differ materially, and OSL Group assumes no obligation to replace such info.

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