Hong Kong's OSL Group to Launch U.S.-Regulated Stablecoin with Anchorage Digital
OSL Group, a Hong Kong-based firm, is set to launch USDGO, a U.S. dollar stablecoin issued by Anchorage Digital, a federally chartered crypto bank in the United States. USDGO will be backed one-to-one by liquid U.S. dollar assets, including U.S. Treasuries. Anchorage Digital will issue USDGO and support issuance on multiple blockchains, positioning itself as the only federally regulated stablecoin issuer in the U.S.
The stablecoin targets use cases such as cross-border payments, treasury operations, and on-chain settlements for enterprise users. This initiative comes amid increased regulatory clarity following the enactment of the GENIUS Act, which regulates the stablecoin sector in the U.S.
The stablecoin market currently stands at about $300 billion, with projections from Citi estimating growth to $1.9 trillion to $4 trillion by 2030. Kevin Cui, CEO of OSL Group, highlighted that the partnership will enable faster settlements, reduce transaction costs, and extend global reach while maintaining compliance.
