Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Hong Kong's OSL Group to Offer U.S.-Regulate
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Hong Kong's OSL Group to Offer U.S.-Regulate
Hong Kong's OSL Group to Offer U.S.-Regulated Stablecoin with Anchorage Digital
Hong Kong's OSL Group to Offer U.S.-Regulated Stablecoin with Anchorage Digital
The USDGO token will be issued under U.S. federal oversight and backed 1:1 by U.S. dollar assets.
By Krisztian Sandor|Edited by Jamie Crawley
Dec 11, 2025, 3:24 p.m.
Nathan McCauley, co-founder and CEO of Anchorage Digital at Consensus 2025.
What to know:
- Hong Kong-based digital assets platform OSL Group is launching a U.S. dollar stablecoin, issued by Anchorage Digital, a federally chartered crypto bank.
- USDGO is aimed for cross-border payments and on-chain settlements, backed one-to-one by U.S. dollar assets.
- The stablecoin market is projected to grow significantly, with regulatory clarity under the Genius Act boosting adoption in the U.S.
Hong Kong-based cryptocurrency exchange OSL Group (0863) is issuing a new U.S. dollar stablecoin with issuance handled by federally chartered crypto bank Anchorage Digital, the firms said on Thursday.
The USDGO token is aimed for use in cross-border payments, treasury operations and on-chain settlements, the press release said. It will be backed one-to-one by liquid U.S. dollar assets including U.S. Treasuries, and built with embedded compliance features such as know-your-customer (KYC) checks and anti-money laundering (AML) protocols.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
The token will also support issuance on multiple blockchains, targeting enterprise users looking for a compliant, dollar-denominated digital asset.
The news comes as stablecoins, a subset of cryptocurrencies with prices anchored to fiat money like the U.S. dollar, are rapidly growing globally as regulations are being put in place. Currently a $300 billion asset class, Citi projected stablecoins to become a $1.9 trillion to $4 trillion market by 2030, increasingly used for payments and cross-border transfers.
While OSL has deep roots in Asia’s digital asset markets, the choice to issue USDGO through a U.S. bank reflects the growing importance of the U.S. market after signing the GENIUS Act into law to regulate the stablecoin sector.
"Businesses want faster settlement, cheaper transactions and global reach without compromising on compliance," OSL Group CEO Kevin Cui said in a statement. "Anchorage Digital — the only federally regulated stablecoin issuer in the United States — allows us to deliver a product that meets those demands with the strongest regulatory posture in the market."
Read more: Anchorage Digital Aims to Pay 'Rewards' on Ethena's Tokens Under GENIUS Act
StablecoinAnchorage DigitalOSL
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
Most Influential: The Social Media Traders
Crypto Twitter’s social media traders turned their X dashboards into public PnL reality shows in 2025, sending billions in volume through memecoins and perp DEXs in real time.
Read full story
Latest Crypto News
BONK Extends Slide as Resistance Rejection Pushes Token Back Toward Support
Most Influential: The Social Media Traders
Most Influential: Sirgoo Lee
Coinbase Taps Chainlink CCIP as Sole Bridge for $7B in Wrapped Tokens Across Chains
Most Influential: Shayne Coplan
Most Influential: Arthur Hayes
Top Stories
Fifth XRP Spot ETF on the Way After CBOE Approval of 21Shares Application
Crypto Trading Volumes Deteriorated Across Board Last Month as Market Slumped: JPMorgan
Klarna Partners With Privy to Explore Crypto Wallet Use Within its Ecosystem
Cardano Ecosystem Gets a Privacy Boost as Midnight’s NIGHT Goes Live
Bitcoin Pulls Back to $90K as Oracle Results Sour Market Mood: Crypto Daybook Americas
U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Trump duwt Selig naar voren, mogelijk vandaag al stemming over nieuwe Amerikaanse cryptobaas
De Amerikaanse Senaat kan vandaag al stemmen over de benoeming van Michael Selig als nieuwe voorzitter van de Commodity Futures Trading Commission. De mogelijke
Share
Coinstats2025/12/12 05:16
Terraform Labs Co-Founder Do Kwon Sentenced To 15 Years In Prison
The legal saga surrounding Do Kwon, co-founder of Terraform Labs, has culminated in a significant ruling, with the crypto magnate sentenced to 15 years in prison
Share
Bitcoinist2025/12/12 06:38
Bitcoin ETFs Record Strongest Inflows Since July, Push Holdings to New High
The post Bitcoin ETFs Record Strongest Inflows Since July, Push Holdings to New High appeared on BitcoinEthereumNews.com. In brief Bitcoin ETPs saw a net inflow of 20,685 BTC last week, driven mostly by U.S. ETFs. The recent uptick in investor risk appetite is driven by rate cut expectations and new crypto IPOs. Despite institutional demand outpacing new Bitcoin supply, realized and implied volatility remain historically low. Bitcoin exchange-traded products globally logged net inflows of 20,685 BTC last week, the strongest weekly intake since July 22, according to digital assets firm K33 Research. The renewed momentum lifted U.S. spot bitcoin ETFs’ combined holdings to 1.32 million BTC, surpassing the previous peak set on July 30. U.S. Bitcoin ETF products contributed nearly 97% of last week’s 20,685 BTC ETP inflows, highlighting the surge in demand ahead of the FOMC meeting. Bitcoin ETF inflows “tend to be one of the key determinants of Bitcoin’s performance,” André Dragosch, head of research for Europe at Bitwise Investments, told Decrypt, adding that the “percentage share of Bitcoin’s performance explained by changes in ETP flows” has reached a new all-time high. Compared with Ethereum ETF flows, “there appears to be a ‘re-rotation’ from Ethereum back to Bitcoin in terms of investor flows,” Dragosch said, citing their data. “Over the past week, flows into Bitcoin ETFs have surpassed new supply growth by a factor of 8.93 times, a key tailwind for Bitcoin’s recent performance.” Analysts at K33 agree, writing that flows have been a key driver of bitcoin’s strength since ETF approvals earlier last year, and the latest surge signals an acceleration in demand that could underpin further price support. In the last 30 days, investors accumulated roughly 22,853 BTC via various products, outpacing the new supply of 14,056 BTC. This rising risk appetite for Bitcoin has supported the recent recovery, Bitwise noted in its Monday report. Fidelity’s FBTC product accounted for a substantial…
Share
BitcoinEthereumNews2025/09/18 10:19