OSL Group launched the stablecoin USDGO, initially investing $20 million in ecosystem incentives to promote enterprise settlement and cross-border payments.
PANews reported on February 10th that OSL Group (863.HK), a stablecoin trading and payment platform, officially launched its enterprise-grade compliant USD stablecoin, USDGO, today. As a cornerstone of OSL Group's global payment infrastructure, USDGO is positioned for institutional settlement and corporate payments, serving the cross-border business ecosystem of Asian enterprises. The initial batch of USDGO stablecoins, valued at $50 million, has been minted and deployed on the Solana public chain, with plans to gradually expand to more chains in the future.
At the same time, OSL Group will launch the GO Alliance, a stablecoin ecosystem alliance, and will invest $20 million in ecosystem incentives for the first batch of corporate and institutional partners joining the alliance to jointly promote the application of USDGO in areas such as corporate settlement and cross-border payments. The GO Alliance aims to integrate industry resources and professional advantages to jointly expand the application scenarios of compliant stablecoins in the real economy.
USDGO is pegged 1:1 to the US dollar, is subject to US federal regulation, has access to multiple jurisdictions worldwide, and undergoes rigorous third-party audits. Anchorage Digital Bank NA is the issuer, and OSL is the brand operator and distributor. It will provide 24/7 liquidity support for various users, including enterprises, institutions, and individuals, as well as a low-friction-cost stablecoin-fiat currency trading and settlement experience, thereby optimizing the efficiency of fund management.
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