OSL Group said its stablecoin trading hub StableHub will roll out a limited-time USDGO holding incentive from April 11 to April 24, 2024 through its international trading platform, OSL Global. Under the campaign terms, the first 30,000 USDGO held in a user account will receive a 12% annualized reward, while holdings above that threshold will receive a 3% long-term annualized reward. The total reward pool is set at 200,000 USDGO.
Tiered rewards apply to USDGO balances
The structure of the campaign is straightforward. During the promotional period, USDGO balances held in OSL Global accounts will earn rewards on a tiered basis. The first 30,000 USDGO qualifies for the 12% annualized rate, and any amount above that level qualifies for the 3% rate. OSL Group said the campaign will distribute rewards from a 200,000 USDGO pool, with final rules subject to the platform’s published terms.
StableHub went live in February 2024
According to the company, StableHub was launched in February 2024 as a compliant stablecoin trading infrastructure serving global users. The platform supports zero-slippage 1:1 conversions between U.S. dollars and major stablecoins. Stablecoins currently supported on the service include RLUSD, USDGO, USDC, and USDT.
OSL outlines its market position
OSL Group, listed in Hong Kong under 863.HK, describes itself as a global stablecoin payments and trading platform. Its stated focus includes conversion between fiat and digital currencies, along with payment, trading, and settlement services. The source article also states that the piece was supplied as sponsored content and should not be treated as investment advice or as an offer to buy, sell, or hold any asset.