Hong Kong-listed OSL Group (863.HK) has officially launched USDGO, a compliant U.S. dollar stablecoin designed for enterprise settlement and payments. The company said an initial $50 million worth of USDGO has already been minted and deployed on the Solana blockchain, with support for additional chains planned over time.
Enterprise settlement and payment focus
OSL positions USDGO as a key building block in its global payments infrastructure, targeting Asian businesses with cross-border operating needs. The stablecoin is aimed at institutional settlement, corporate payments, and broader cross-border commercial activity. According to the company, USDGO will provide 24/7 liquidity and a lower-friction path between stablecoin and fiat settlement, helping users improve treasury and cash management efficiency.
GO Alliance and $20 million in ecosystem incentives
Alongside the launch, OSL said it will establish the stablecoin ecosystem initiative GO Alliance. To accelerate adoption, the group plans to commit $20 million in incentives for the first wave of enterprise and institutional partners joining the alliance. The stated goal is to combine industry resources and professional expertise to expand the use of compliant stablecoins in real-world economic activity, especially in corporate settlement and cross-border payments.
Dollar peg, regulatory framework, and issuance model
OSL said USDGO is fully pegged 1:1 to the U.S. dollar, operates under U.S. federal oversight, is accessible across multiple jurisdictions, and is subject to third-party audits. Anchorage Digital Bank N.A. serves as the issuer, while OSL handles branding, operations, and distribution. OSL Executive Director and CEO Kevin Cui said USDGO was built from the outset to serve the real economy and aims to become a preferred compliant payment stablecoin for cross-border business activity in Asia and beyond.