What is the new USD stablecoin from OSL Group called?

The new U.S. dollar stablecoin from OSL Group is called USDGO.

Which U.S. bank is involved in issuing OSL Group's stablecoin?

Anchorage Digital, a federally chartered crypto bank, is handling the issuance of OSL Group's USDGO stablecoin.

What is the primary purpose of the USDGO stablecoin?

The USDGO stablecoin is intended for use in cross-border payments, treasury operations, and on-chain settlements.

Home / Business and Economy / Hong Kong Exchange Taps US Bank for Dollar Stablecoin

Hong Kong Exchange Taps US Bank for Dollar Stablecoin

13 Dec

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Summary

OSL Group introduced a new USD stablecoin, USDGO.
USDGO is designed for cross-border payments and settlements.
Anchorage Digital, a US crypto bank, handles issuance.

Hong Kong Exchange Taps US Bank for Dollar Stablecoin

Hong Kong's OSL Group has introduced a new U.S. dollar stablecoin, USDGO, marking a significant step in the evolving digital asset landscape. Issued in partnership with federally chartered crypto bank Anchorage Digital, this token is engineered for seamless cross-border payments, treasury management, and on-chain settlements. The stablecoin's design prioritizes compliance, embedding know-your-customer and anti-money laundering protocols to meet enterprise-level security demands.

USDGO will be backed one-to-one by liquid U.S. dollar assets, including U.S. Treasuries, offering a stable and secure digital asset. The token's multichain support targets businesses seeking a compliant, dollar-denominated solution for their financial operations. This development aligns with the growing global adoption of stablecoins, a market projected to surge significantly in value by 2030.