OSL Group is entering the U.S. Regulated Stablecoin Market.

OSL Group, Based in Hong Kong, Launches Stablecoin

Hong Kong-based digital asset platform OSL Group has introduced a stablecoin called USDGO, which is pegged to the US Dollar. This stablecoin will be issued by Anchorage Digital, which acts as a federal crypto bank, and it is secured by US Dollar assets that are backed on a one-to-one basis.

USDGO is designed for international payments and transactions on the blockchain. The stablecoin market is expected to grow significantly due to the regulatory clarity provided by the Genius Act. This situation could increase the adoption of stablecoins in the United States.