Institutional access to digital dollar liquidity is accelerating as stablecoin infrastructure providers respond to surging demand for cross-border settlement. On July 8, 2026, OSL Group (HKEX: 863) and Circle Internet Group (NYSE: CRCL) announced a partnership to expand USDC access across OSL’s trading and payments ecosystem, supporting conversions, margin usage, and settlement activity.
Key Partnership Details
According to the announcement, OSL Global allows clients to convert USD and USDC on a 1:1 basis and offers a dedicated USDC trading zone with pairs against BTC, ETH, SOL, USD, and USDT. The integration also enables stablecoin-based settlement and payment flows within the platform. Eugene Cheung, Chief Commercial Officer of OSL Group, stated: “This partnership with Circle underscores OSL Group’s commitment to building a vibrant stablecoin ecosystem, and aligns with our endeavor to build the next generation of financial market infrastructure connecting stablecoins, fiat currencies, and other digital assets to enable the seamless exchange of value.”
Stablecoins Deeper Into Market Infrastructure
Eligible participants also gain access to Circle’s USYC, a tokenized money market fund, subject to compliance and platform criteria. OSL uses USDC as a unified margin asset, designed to enhance capital efficiency and trading flexibility. Outside this partnership, USDC has expanded through collaborations with financial institutions and payment networks. Its reserves are held within regulated U.S. entities, with BlackRock overseeing the Circle Reserve Fund and BNY Mellon handling custody. Integrations with Visa and Mastercard place USDC on global payment rails, while agreements with Mercado Pago and Grab extend its reach to everyday users across Latin America and Southeast Asia.
Kash Razzaghi, Chief Business Officer at Circle, added: “As digital asset markets mature, institutions are looking for trusted, transparent infrastructure to move value globally and in real time. By working with OSL to expand access to USDC across trading and payments, we’re reinforcing a foundation for digital dollar liquidity in Hong Kong and beyond.” He emphasized that the collaboration supports capital efficiency, innovation, and long-term market growth.
This partnership reflects a broader shift toward embedding stablecoins within regulated financial infrastructure rather than limiting usage to trading activity. As cross-border commerce in Asia continues to digitize, stablecoins like USDC are poised to play a more central role in trade settlement, remittances, and institutional asset allocation.