Hong Kong's OSL Group to Offer U.S.-Regulated Stablecoin with Anchorage Digital

Hong Kong-based cryptocurrency exchange OSL Group (0863) is issuing a new U.S. dollar stablecoin with issuance handled by federally chartered crypto bank Anchorage Digital, the firms said on Thursday. The USDGO token is aimed for use in cross-border payments, treasury operations and on-chain settlements, the press release said. It will be backed one-to-one by liquid U.S. dollar assets including U.S. Treasuries, and built with embedded compliance features such as know-your-customer (KYC) checks and anti-mo ...