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

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Hong Kong's OSL Group to Offer U.S.-Regulated Stablecoin with Anchorage Digital The USDGO token will be issued under U.S. federal oversight and backed 1:1 by U.S. dollar assets. By Krisztian Sandor | Edited by Jamie Crawley Dec 11, 2025, 3:24 p.m. Nathan McCauley, co-founder and CEO of Anchorage Digital at Consensus 2025. What to know : Hong Kong-based digital assets platform OSL Group is launching a U.S. dollar stablecoin, issued by Anchorage Digital, a federally chartered crypto bank. USDGO is aimed for cross-border payments and on-chain settlements, backed one-to-one by U.S. dollar assets. The stablecoin market is projected to grow significantly, with regulatory clarity under the Genius Act boosting adoption in the U.S. 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-money laundering (AML) protocols. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The token will also support issuance on multiple blockchains, targeting enterprise users looking for a compliant, dollar-denominated digital asset. The news comes as stablecoins, a subset of cryptocurrencies with prices anchored to fiat money like the U.S. dollar, are rapidly growing globally as regulations are being put in place. Currently a $300 billion asset class, Citi projected stablecoins to become a $1.9 trillion to $4 trillion market by 2030, increasingly used for payments and cross-border transfers. While OSL has deep roots in Asia’s digital asset markets , the choice to issue USDGO through a U.S. bank reflects the growing importance of the U.S. market after signing the GENIUS Act into law to regulate the stablecoin sector. "Businesses want faster settlement, cheaper transactions and global reach without compromising on compliance," OSL Group CEO Kevin Cui said in a statement. "Anchorage Digital — the only federally regulated stablecoin issuer in the United States — allows us to deliver a product that meets those demands with the strongest regulatory posture in the market." Read more: Anchorage Digital Aims to Pay 'Rewards' on Ethena's Tokens Under GENIUS Act Stablecoin Anchorage Digital OSL More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Most Influential: The Social Media Traders By Shaurya Malwa | Edited by Cheyenne Ligon 25 minutes ago Crypto Twitter’s social media traders turned their X dashboards into public PnL reality shows in 2025, sending billions in volume through memecoins and perp DEXs in real time. Read full story Latest Crypto News Most Influential: The Social Media Traders 25 minutes ago Most Influential: Sirgoo Lee 25 minutes ago Coinbase Taps Chainlink CCIP as Sole Bridge for $7B in Wrapped Tokens Across Chains 25 minutes ago Most Influential: Shayne Coplan 25 minutes ago Most Influential: Arthur Hayes 25 minutes ago Most Influential: Cathie Wood 25 minutes ago Top Stories XRP Edges Toward Another U.S. Spot ETF After Cboe Approves 21Shares' Fund 2 hours ago Crypto Trading Volumes Deteriorated Across Board Last Month as Market Slumped: JPMorgan 48 minutes ago Klarna Partners With Privy to Explore Crypto Wallet Use Within its Ecosystem 1 hour ago Cardano Ecosystem Gets a Privacy Boost as Midnight’s NIGHT Goes Live 1 hour ago Bitcoin Pulls Back to $90K as Oracle Results Sour Market Mood: Crypto Daybook Americas 3 hours ago U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down 11 hours ago