OSL

RWA

2026-08-14 10:25:00

RWA Weekly: Hong Kong’s regulated HKD stablecoin moves into rollout as the EU prepares MiCA access changes

Real-world asset activity and stablecoin policy both moved this week. As of Aug. 14, 2026, on-chain RWA market capitalization reached $38.29 billion, while the number of holders climbed to 1.7935 million, according to RWA.xyz data cited by PANews. In stablecoins, total market value slipped slightly to $297.91 billion, but transfer volume and monthly active addresses both fell, pointing to a quieter on-chain period even as holder counts kept growing. On the policy side, the People’s Bank of China said in its 15th Five-Year reform and development plan that it will steadily develop the digital yuan. In Europe, officials decided to revise the Markets in Crypto-Assets framework, or MiCA, with a focus on the market access rules that have left non-EU stablecoin issuers such as Tether outside the bloc. The U.K. advanced the second phase of its digital pound lab and also began work on a regulatory framework for tokenized gold. At the project level, Anchorpoint, the Hong Kong licensed stablecoin issuer backed by Standard Chartered, HKT and Animoca Brands, launched the first phase of issuance and institutional use for HKDAP. HashKey Exchange and OSL joined as recognized distributors. Elsewhere, NYSE, Itaú Unibanco, Coinbase, LG CNS, Miden, Dow Protocol and Rain each disclosed new tokenization, stablecoin or funding developments during the week.

1650

HKD stablecoi

2026-08-14 03:10:05

Hong Kong dollar stablecoins lose momentum after licensing debut

Hong Kong’s first licensed HKD stablecoin push has cooled sharply, according to a Foresight News report that cites multiple people close to the business. The article says enthusiasm for stablecoins in general has not translated into confidence in Hong Kong dollar stablecoins specifically, even after the Hong Kong Monetary Authority issued its first two licenses in April 2026. Standard Chartered-backed Anchorpoint Fintech is described as the more proactive player, while HSBC is portrayed as far more cautious and more interested in tokenized deposits than stablecoins. The report says market participants now fall into several camps: firms that want exposure but doubt the business case, firms that joined only because regulation pushed them in, and firms with clear use cases and motivation that remain outside the core structure. Among licensed crypto exchanges, reactions range from outright pessimism to limited testing paired with strategic caution. One exchange source said HKD stablecoins do not offer a visible path to profit, especially as licensed exchanges in Hong Kong are themselves still losing money. Foresight also places Hong Kong in a broader global context, arguing that non-dollar stablecoins are struggling across major financial centers. It points to weak market share for euro stablecoins, restrictive trust-bank rules in Japan, and delayed policymaking in South Korea. With the global stablecoin market nearing $308.3 billion and dollar stablecoins accounting for 98%, the report argues Hong Kong has launched early but without strong market conviction.

520

HKDAP

2026-08-12 10:16:36

OSL Named Early Approved Distributor for Regulated HKD Stablecoin HKDAP

OSL Group (HKEX: 863), a stablecoin payments and trading platform, said it has become an early approved distributor of HKDAP, a regulated Hong Kong dollar stablecoin from Hong Kong-licensed issuer Ding Dian Financial Technology. OSL will handle distribution and liquidity support, with services initially open to professional investors through its licensed exchange OSL HK, enabling fiat-to-HKDAP subscription, redemption, exchange, trading and settlement. The two partners have completed technical preparation and will focus the first institutional phase on tokenized funds, trade finance and cross-border payments. OSL CEO Kevin Cui described the appointment as a milestone in deepening cooperation, adding that regulated stablecoins are set to bridge digital assets and mainstream finance.

1750

Li Lin

2026-08-12 03:00:34

From Avenir to UMX: Li Lin returns with a bet on a unified market

UMX, a platform incubated by Li Lin’s Avenir Group, entered public beta in the summer of 2026, putting the Huobi founder back at the center of crypto industry discussion. The move comes 13 years after Li launched Huobi in 2013, when the main challenge was making Bitcoin trading easier for a broader user base. Since founding Avenir Group in Hong Kong in 2023, Li has shifted from exchange operator to investor and allocator, building positions across digital assets, brokerage, trading infrastructure and cross-market rails. The article traces that investment map through Avenir’s more than 10% stake in UP Fintech, its role as a core investor in OSL’s $300 million equity financing, investments in CoinRoutes, SignalPlus and Inference Research, a $500 million quant partner program, and BitTrade’s acquisition through New Huo Group. According to SEC 13F filings, Avenir has ranked first in Asia for institutional Bitcoin ETF holdings for eight consecutive quarters, with more than 18 million shares of BlackRock’s IBIT alone. UMX, short for The Unified Market Exchange, is presented as an attempt to answer a new problem: how professional investors can manage BTC, stablecoins, U.S. stocks, ETFs, options and yield products within one account structure, one capital framework and one risk system as crypto and traditional finance increasingly converge.

1020

OSL

2026-08-07 07:12:17

OSL Launches AgentPay, a Multi-Stablecoin Payment Infrastructure for AI Agents

OSL Group, the stablecoin payments and trading platform, has unveiled OSL AgentPay, a stablecoin payment infrastructure built specifically for AI agents. The infrastructure targets machine-to-machine payments, where agents settle small-value transactions without a developer intervening in each step. The new product is designed to give developers' artificial intelligence agents a fully autonomous payment workflow, enabling high-frequency micro-payments and value exchange between agents. OSL AgentPay supports multiple stablecoins including USDT, USDC, and USDGO. It also works with several payment protocols such as x402, AP2, and MPP. The system offers eight core capabilities: execution interface, multi-asset route selection, stablecoin abstraction, micro-payment support, zero on-chain fees, multi-protocol compatibility, multi-wallet compatibility, and global fiat on/off ramps. Developers only need to express a payment intent, specifying the amount, asset, and recipient. Their AI agent can then direct AgentPay to handle routing, signing, and settlement. Looking ahead, OSL plans to integrate Banxa's global fiat on/off ramp capabilities and the treasury operations of its enterprise stablecoin USDGO into AgentPay.

1940

Enterprise St

2026-07-24 08:59:01

OUSD and USDGO Put Enterprise Stablecoins Into a Distribution Race

Foresight argues that enterprise stablecoins are moving out of the “coming soon” phase and into a more concrete stage defined by distribution, compliance, and real business adoption. On June 30, Open Standard unveiled Open USD, or OUSD, a project backed by more than 140 companies spanning finance, payments, technology, and crypto, including Visa, Mastercard, Stripe, BlackRock, BNY, Google, and Coinbase. The group plans to launch the stablecoin later in 2026. Separately, DefiLlama data showed that USDGO’s circulating supply crossed $1 billion on July 20, placing it among the top six compliant stablecoins by circulation and making it the largest compliant U.S. dollar stablecoin operated by an Asian stablecoin operator. The article says the key question is no longer whether enterprises want onchain dollars, but what kind of network can actually get them used. In that framing, OUSD represents a consortium model that aims to share reserve income across participating banks, payment firms, merchants, and service providers, while USDGO represents a more execution-focused model built around regulated issuance, regional distribution, and concrete enterprise use cases. Foresight says the next stage of competition will hinge less on headline supply and more on fund quality, payment usage, redemption depth, liquidity, and the ability to integrate stablecoins into treasury, settlement, and cross-border business flows.

1560

OSL

2026-07-23 18:30:15

OSL Launches USDGO Stablecoin for Institutional Settlement and Asian Cross-Border Payments

OSL has launched USDGO, a U.S. dollar-backed stablecoin aimed at enterprise settlement and cross-border payments. The first $50 million was minted on Solana and issued by Anchorage Digital Bank.

1930

OSL

2026-07-23 18:10:16

OSL Global Launches StableHub for Zero-Slippage Stablecoin-Dollar Swaps, Up to 18% APY on RLUSD

OSL Global launched StableHub on February 6, offering 1:1 zero-slippage swaps between major stablecoins and USD. Its inaugural campaign with Ripple provides up to 18% annualized rewards on RLUSD deposits, targeting high costs and fragmented liquidity.

510