OSL Exchange lists gold-backed USDKG stablecoin
Hong Kong's licensed digital asset platform OSL HK has officially announced the listing of the USDKG stablecoin, issued by the Kyrgyz Republic and backed by gold. This step marks a significant milestone in bringing a state-controlled, asset-backed digital currency to one of the world's most prestigious regulated markets. This is reported by Cointelegraph.com reports .
The USDKG stablecoin is pegged 1:1 to the USD and is fully backed by physical gold reserves. Professional investors can now trade the USDKG/USDT pair via the OSL platform's over-the-counter (OTC) trading system. This partnership serves to develop a secure and compliant digital asset ecosystem in the Asian region.
The asset was issued by the "Virtual Asset Issuer" OJSC under the Ministry of Finance of Kyrgyzstan, with an initial issuance volume of $50 million. The gold reserves have been audited by Kreston Global. USDKG operates on the Ethereum and TRON blockchains, and its smart contracts have been audited by ConsenSys Diligence.
The USDKG stablecoin fully complies with FATF KYC/AML standards and aims to facilitate financial inclusion and efficient cross-border money transfers. The token is currently available on decentralized exchanges such as Curve and Uniswap, as well as in wallets like Ledger Live, MetaMask, and Trust Wallet.
Through this listing, Kyrgyzstan is strengthening its position as a regional leader in the field of regulated digital currencies. This allows for the integration of traditional finance and blockchain infrastructure while maintaining state oversight and transparency.
