Gold-Backed Stablecoin USDKG from Kyrgyz Republic Now Available on OSL's Hong Kong Exchange
In a major development for digital assets, OSL Group (863.HK), an international platform for stablecoin trading and payments, has announced the official listing of USDKG on its Hong Kong-regulated exchange OSL HK. USDKG is a gold-backed stablecoin issued under the supervision of the Kyrgyz Republic.
HONG KONG, May 21 — OSL Group (863.HK), an international platform specializing in stablecoin payment and trading services, has revealed that OSL HK, its Hong Kong-regulated digital asset exchange, has completed the official listing of USDKG, a gold-backed stablecoin under the authority of the Kyrgyz Republic. This listing represents an important milestone in introducing a government-supervised, asset-backed digital currency to one of the globe's most well-established licensed virtual asset trading environments.
With a 1:1 peg to the U.S. Dollar and complete backing through physical gold reserves, USDKG has become available to professional investors via OSL's institutional-quality infrastructure. Professional investors can now access the inaugural USDKG/USDT trading pair through OSL HK's over-the-counter (OTC) platform.
This addition of USDKG to the platform reflects OSL's ongoing dedication to advancing a safe and compliant digital asset ecosystem throughout Asia and globally. The listing also extends USDKG's market presence into new territories via a regulated platform that meets institutional requirements, facilitating its application in cross-border settlement and wider financial use cases.
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
The issuance of USDKG comes from OJSC Virtual Asset Issuer, a government-owned organization operating under the Ministry of Finance of Kyrgyzstan, featuring an initial release of $50 million supported by physical gold reserves that have undergone auditing by Kreston Global. Deployment of the stablecoin has been executed on both Ethereum and TRON networks, with smart contract security assessments performed by ConsenSys Diligence.
Access to the token is currently available via decentralized exchanges, such as Curve and Uniswap, and the stablecoin enjoys support from prominent wallet providers including Ledger Live, MetaMask, Trust Wallet, and TronLink. The digital currency maintains full compliance with FATF KYC/AML requirements and has been structured to promote financial inclusion and streamlined cross-border value transfer.
Through this listing, the Kyrgyz Republic reinforces its position as a pioneering force in the region for regulated, asset-backed digital currencies, creating connections between conventional finance and blockchain technology while preserving complete sovereign control and public transparency.
Website: https://www.usdkg.com/
Media Contact
William Campbell
Advisory Lead
Email: business@usdkg.com
About OSL Group
OSL Group (HKEX: 863) operates as an international stablecoin payment and trading platform dedicated to delivering compliant and efficient digital financial infrastructure services on a global scale, enabling enterprises, financial institutions and individuals to effortlessly exchange, pay, trade, and settle between fiat and digital currencies. Founded on the fundamental principles of Open, Secure, and Licensed, the organization is focused on creating a more efficient ecosystem that links global markets and facilitates instant, seamless and compliant value movement across the world. For media inquiries, please contact: media@osl.com.