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OSL Group (863.HK) (“OSL”), a global stablecoin payments and digital asset trading platform, today announced that its Hong Kong-licensed digital asset exchange, OSL HK, has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. The listing marks a major milestone in bringing a state-supervised, asset-backed digital currency to one of the world’s most established regulated 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 through OSL’s institutional-grade infrastructure. The initial USDKG/USDT trading pair is accessible via OSL HK’s over-the-counter (OTC) platform.
The listing reflects OSL’s continued commitment to supporting the development of a secure, compliant digital asset ecosystem across Asia and globally. It also broadens USDKG’s access to new markets through a regulated platform aligned with institutional standards, supporting use cases including cross-border settlement and broader 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 not only enriches OSL’s product offerings for the market, but also strengthens its compliant stablecoin ecosystem, as the introduction of a state-backed, compliant digital asset further underscores OSL’s credibility and leadership within the industry.”
Biibolot Mamytov, CEO of Gold Dollar (USDKG), said: “This listing represents an important milestone for USDKG as we enter one of the most established and highly regulated digital asset markets globally. Hong Kong is widely regarded as the gold standard for digital asset regulation, and working with OSL reflects our focus 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 backed by physical gold reserves audited by Kreston Global. The stablecoin is deployed on both Ethereum and TRON, with smart contract audits conducted by ConsenSys Diligence.
The token is already available through decentralized exchanges including Curve and Uniswap, and is supported by major wallets such as Ledger Live, MetaMask, Trust Wallet, and TronLink. Fully compliant with FATF KYC/AML standards, USDKG is designed to support financial inclusion and enable efficient cross-border value transfers.
With this listing, Kyrgyzstan continues to position itself as a regional first mover in regulated, asset-backed digital currencies, bridging traditional finance and blockchain infrastructure while maintaining full sovereign oversight and public accountability.
Disclaimer
This article is for informational purposes only and does not constitute, and shall not be construed as, an offer, solicitation, invitation, 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, statements, and information contained herein do not necessarily reflect the official positions or commitments of OSL Group or any of its affiliates. Any descriptions of products, services, promotions, or programmes are for general reference only. Participation in any products, services, or promotions mentioned is subject to applicable terms, conditions, and regulatory requirements. This article may contain forward-looking statements or indicative information. Actual outcomes may differ materially, and OSL Group assumes no obligation to update such information.
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