OSL Group Enters 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, pegged to the U.S. Dollar. This stablecoin will be issued by Anchorage Digital, which serves as a federal crypto bank, and it is backed by U.S. Dollar assets 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, thanks to the regulatory clarity provided by the Genius Act. This situation could increase the adoption of stablecoins in the United States.