OSL Group (863.HK) announced that its Hong Kong-licensed digital asset exchange OSL HK has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. Pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves, the token is now available to professional investors through OSL’s institutional-grade infrastructure, with the USDKG/USDT trading pair live on OSL HK’s over-the-counter (OTC) platform.
Issuance and Reserve Structure of 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. Smart contract audits were conducted by ConsenSys Diligence. The stablecoin is deployed on Ethereum and TRON, and it is already accessible via decentralized exchanges like Curve and Uniswap, supported by major wallets including Ledger Live, MetaMask, Trust Wallet, and TronLink.
OSL’s Strategic Move and Compliance Value
OSL stated that the listing enriches its product offerings and strengthens its compliant stablecoin ecosystem, reinforcing its credibility and industry leadership with a state-backed digital asset. The group emphasized its commitment to building a secure and compliant digital asset ecosystem in Asia and beyond. USDKG fully complies with FATF KYC/AML standards and is designed to facilitate financial inclusion and efficient cross-border value transfer.
Kyrgyzstan’s side (specific spokesperson name not provided in source materials) noted that this listing marks an important milestone as USDKG enters 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 the focus on transparency, gold-backed reserves, and institutional-grade infrastructure. 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 with full sovereign oversight and public accountability.
OSL Group (HKEX: 863) is a global stablecoin payment and trading platform that provides compliant digital financial infrastructure for enterprises, financial institutions, and individuals to exchange, pay, trade, and settle between fiat and digital currencies seamlessly.