Asia-based stablecoin trading and payment platform OSL Group has raised $200m (HK$1.56bn) in equity financing to strengthen the company financial position. The company said that the net proceeds will go toward strategic acquisitions. The company also plans to invest in global growth across payments and stablecoins. It will also fund product and technology infrastructure work and use a part of the funding as general working capital. OSL said the financing builds on steps taken in 2025 to develop a compl ...

Core Insights - The signing of the GENIUS Act in the U.S. marks a significant turning point for the global stablecoin market [1] - The total market capitalization of stablecoins has increased by 32% over the past six months, rising from $168.78 billion to $223.61 billion, indicating a notable enhancement in market vitality [1] - Stablecoins are increasingly being accepted by more institutions and individual users, expanding their application scenarios in cross-border and digital asset transactions [1] - The XBIT decentralized exchange platform has swiftly adjusted its strategy to provide users with more convenient and secure stablecoin trading services [1]