OSL Group said its federally regulated enterprise stablecoin USDGO has surpassed $100 million in circulation roughly two months after launch, with the latest figure at $130 million. The company paired that update with a broader ecosystem announcement, replacing the earlier GO Alliance with a new industry body.
USDGO circulation climbs to $130 million shortly after launch
According to OSL, USDGO is a compliant enterprise stablecoin backed by reserve assets linked to BlackRock's BUIDL fund and Goldman's stablecoin reserve fund STBXX. The company said circulation moved past the $100 million mark in about two months, reaching $130 million in the latest update. The release centers on two points: the pace of growth and the product's regulated structure.
GO Alliance is expanded into a broader industry group
Alongside the circulation milestone, OSL said it is upgrading the former USDGO ecosystem alliance GO Alliance into Stable Alliance. The new group is described as an open industry alliance made up of commercial institutions from different sectors, with a stated focus on building out the global stablecoin ecosystem.
OSL said the alliance is intended to work with the industry to push compliant stablecoins beyond on-chain circulation and into real-economy use cases. The source material does not provide a list of members, rollout dates, or specific projects. Public details are limited to the alliance's positioning and USDGO's current circulation level.
The original material also states that the piece was provided as promotional content and should not be treated as investment, asset, or legal advice.