OSL Strengthens Asia’s Digital Asset Ecosystem with Listing of State-Supervised Gold-Backed Stablecoin USDKG

On May 21st, 2026, in Hong Kong, OSL, a global stablecoin payment and trading platform, made a significant announcement. The Hong Kong-licensed digital asset exchange, OSL HK, officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. This move is aimed at bringing 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. It is now accessible to professional investors through OSL’s institutional-grade infrastructure. The initial trading pair, USDKG/USDT, is available to professional investors on OSL HK’s over-the-counter (OTC) platform.

The listing of USDKG reflects OSL’s commitment to developing a secure and compliant digital asset ecosystem in Asia and beyond. It also expands USDKG’s presence in new markets through a regulated platform that meets institutional standards, supporting its utilization in cross-border settlement and broader financial applications.

Jason Liu, Global Exchange COO of OSL, emphasized the importance of the listing by stating, “OSL is dedicated to providing investors with access to regulated, innovative assets. The listing of USDKG enriches OSL’s product offerings for the market and strengthens its compliant stablecoin ecosystem.” Biibolot Mamytov, CEO of Gold Dollar (USDKG), also expressed his thoughts on the listing, highlighting the significance of entering a highly regulated digital asset market like Hong Kong.

USDKG, issued by OJSC Virtual Asset Issuer, a state-owned entity under Kyrgyzstan’s Ministry of Finance, has an initial issuance of $50 million backed by physical gold reserves audited by Kreston Global. The stablecoin is deployed on Ethereum and TRON, with smart contract audits conducted by ConsenSys Diligence. It is compliant with FATF KYC/AML standards and aims to facilitate financial inclusion and efficient cross-border value transfer.

With this listing, Kyrgyzstan continues to lead in regulated, asset-backed digital currencies, bridging traditional finance with blockchain infrastructure while maintaining sovereign oversight and public accountability.

OSL Group, a global stablecoin payment and trading platform, aims to provide compliant and efficient digital financial infrastructure services globally. It empowers enterprises, financial institutions, and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. The organization is committed to building a more efficient ecosystem that enables instant, seamless, and compliant value movement worldwide.

In conclusion, the listing of USDKG on OSL HK marks a significant milestone in the digital asset market. It showcases the growing trend of asset-backed stablecoins entering regulated platforms and highlights the importance of compliance and transparency in the industry. This move not only benefits professional investors but also contributes to the overall development of a secure and compliant digital asset ecosystem.