[PRESS RELEASE – Hong Kong, Hong Kong, May 21st, 2026]
OSL Group (863.HK) (OSL), a global stablecoin payment and trading platform, today announced that its Hong Kong-licensed digital asset exchange OSL HK has officially listed USDKG, a gold-backed stablecoin issued by the Kyrgyz Republic. This listing delivers a state-supervised, asset-backed digital currency to one of the world’s most established licensed virtual asset markets.
Pegged 1:1 to the U.S. dollar and fully backed by physical gold reserves, USDKG is now available to professional investors via OSL’s institutional-grade infrastructure. The initial trading pair USDKG/USDT is live on OSL HK’s over-the-counter (OTC) platform for qualified professional accounts.
The USDKG listing supports OSL’s objective to foster a secure, compliant digital asset ecosystem across Asia and beyond. By offering a sovereign-backed, asset-backed stablecoin through a regulated venue, OSL broadens USDKG’s market access and facilitates its potential use in cross-border settlement and other institutional financial applications.
Jason Liu, Global Exchange COO of OSL, said: “OSL is dedicated to providing investors with access to regulated, innovative assets. The listing of USDKG enriches OSL’s product suite and strengthens our compliant stablecoin ecosystem. Introducing a state-backed digital asset underscores OSL’s credibility and leadership within the industry.”
Biibolot Mamytov, CEO of Gold Dollar (USDKG), said: “This listing is an important milestone as USDKG enters one of the most established and highly regulated digital asset markets. Hong Kong is regarded as a benchmark for digital asset regulation, and partnering with OSL reflects our emphasis on transparency, gold-backed reserves, and institutional-grade infrastructure.”
About USDKG
USDKG is issued by OJSC Virtual Asset Issuer, a state-owned entity under Kyrgyzstan’s Ministry of Finance, with an initial issuance of $50 million fully backed by physical gold reserves audited by Kreston Global. The stablecoin is deployed on Ethereum and TRON, and its smart contracts have been audited by ConsenSys Diligence.
USDKG is already available on decentralized exchanges such as Curve and Uniswap and is supported by major wallets including Ledger Live, MetaMask, Trust Wallet, and TronLink. Designed to meet FATF KYC/AML standards, the token aims to promote financial inclusion and enable efficient cross-border value transfer.
With this listing, Kyrgyzstan continues to position itself as an early mover in regulated, asset-backed digital currencies, bridging traditional finance and blockchain infrastructure while maintaining sovereign oversight and public accountability.
About OSL Group
OSL Group (HKEX: 863) is a global stablecoin payment and trading platform that provides compliant digital financial infrastructure to enterprises, financial institutions, and individuals. OSL enables seamless exchange, payment, trading, and settlement between fiat and digital currencies. Guided by the principles of Open, Secure, and Licensed, OSL aims to build an efficient ecosystem that connects global markets and enables instant, compliant value movement worldwide. For media inquiries, contact: [email protected]
Disclaimer
This article is for informational purposes only and does not constitute an offer, solicitation, recommendation, or inducement to buy, sell, subscribe for, or otherwise deal in any digital assets, securities, or financial products. It does not constitute financial, investment, legal, tax, accounting, or other professional advice and should not be relied upon as such. The views and information contained herein do not necessarily reflect the official positions of OSL Group or its affiliates. Descriptions of products, services, promotions, or programmes are for general reference only and are subject to applicable terms, conditions, and regulations. This article may contain forward-looking statements; actual outcomes may differ materially, and OSL Group assumes no obligation to update such information.