OSL Group, a Hong Kong-based digital asset platform, announced that its licensed exchange OSL HK has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. The listing brings a state-supervised, asset-backed digital currency to one of the world’s most established licensed virtual asset markets.
USDKG is pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves audited by Kreston Global. The initial trading pair USDKG/USDT is available over-the-counter (OTC) and on OSL’s Pro trade platform, exclusively for professional investors through institutional-grade infrastructure. The stablecoin is issued by OJSC Virtual Asset Issuer, a Kyrgyz Ministry of Finance entity, with an initial issuance of $50 million.
The stablecoin is deployed on Ethereum and TRON, with smart contract audits by ConsenSys Diligence, and is already accessible via decentralized exchanges like Curve and Uniswap and major wallets. “This listing represents an important milestone for USDKG as we enter one of the most established and highly regulated digital asset markets globally,” said Biibolot Mamytov, CEO of Gold Dollar (USDKG). Jason Liu, Global Exchange COO of OSL, added that the listing “strengthens its compliant stablecoin ecosystem, as the introduction of a state-backed, compliant digital asset further underscores OSL’s credibility and leadership.”
The move expands USDKG’s reach for cross-border settlement and financial inclusion, aligning with OSL’s commitment to a secure, compliant digital asset ecosystem in Asia and beyond.
