OSL HK adds state-issued USDKG, a gold-backed stablecoin, to its regulated digital asset platform for professional investors.
OSL Group’s Hong Kong-licensed exchange OSL HK has listed USDKG, a stablecoin backed by physical gold reserves and issued by the Kyrgyz Republic. The token is pegged 1:1 to the U.S. dollar and available via the USDKG/USDT trading pair on OSL’s OTC platform for professional investors.
The move expands OSL’s stablecoin offerings within a regulated framework, targeting institutional participants. USDKG’s gold backing and state supervision aim to enhance credibility in cross-border settlements and broader financial applications.
OSL executives stated the listing reinforces the exchange’s compliance-focused ecosystem and leadership in digital asset innovation. The token’s introduction follows growing demand for asset-backed stablecoins in Asia’s institutional markets.