OSL Group Launches $50M USDGO Stablecoin for Institutional Cross-Border Payments

OSL Group has launched USDGO, a US dollar stablecoin designed for institutional settlement and corporate payments.

As part of OSL Group’s global payments infrastructure, USDGO supports cross-border transactions for businesses operating across Asia.

OSL Group has issued an initial US$50 million of the stablecoin on the Solana blockchain, with plans to expand to additional networks.

Fully backed 1:1 by US dollars, USDGO undergoes third-party audits.

Anchorage Digital Bank, a federally chartered crypto bank in the US, issues the stablecoin, while OSL Group acts as its branding operator and distributor.

Across multiple jurisdictions, USDGO supports liquidity management and settlement and remains available on a continuous basis for corporate, institutional and individual users.

To reduce friction in cross-border payments and treasury operations, the stablecoin facilitates stablecoin-to-fiat trading and settlement.

USDGO addresses enterprise requirements related to compliance, security and scalability.

According to OSL Group, USDGO supports transactions across chains, platforms, markets and currencies, with applications expected in areas such as cross-border e-commerce, international trade, financial services and digital entertainment.

Kevin Cui, Executive Director and Chief Executive Officer of OSL Group, said:

Nathan McCauley, Co-founder and Chief Executive Officer of Anchorage Digital, said:

Featured image credit: USDGO

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