Kyrgyz stablecoin USDKG has been listed on the Hong Kong exchange OSL - ForkLog: cryptocurrencies, AI, singularity, the future

img-feb2bfc84cf43554-4960587773230736# Kyrgyz Stablecoin USDKG Listed on Hong Kong Exchange OSL

The Kyrgyz Republic's issued stablecoin Gold Dollar (USDKG) has been listed on OSL — one of the first licensed digital asset platforms in Hong Kong. This was announced in a press release.

USDKG is pegged to the US dollar at a 1:1 ratio and is fully backed by physical gold. The token is now available to investors through OSL's trading and custody infrastructure. The initial trading pair is USDKG/USDT.

OSL targets institutional clients and stablecoin operations. The platform operates under two licenses issued by the Hong Kong Securities and Futures Commission (SFC). The first allows trading of securities, and the second permits providing automated trading services.

"Listing on OSL is a significant milestone for USDKG: we are entering one of the most strictly regulated digital asset markets in the world. Hong Kong is rightfully considered the gold standard of regulation in this sphere, and partnering with OSL emphasizes our focus on transparency and institutional-grade infrastructure," — said Gold Dollar CEO Biibolot Mamytov.

The issuer of USDKG is JSC "Issuer of Virtual Assets" with 100% government participation. According to the press release, operational control, including management of gold reserves, is carried out by a private company under a contract with the issuer. This separation of roles prevents USDKG from being classified as a central bank digital currency (CBDC).

In addition to OSL, the token is available on decentralized exchanges Curve and Uniswap, and is supported by wallets Ledger, MetaMask, Trust Wallet, and TronLink.

According to the project’s website, the USDKG issuance amount is $50 million. It is backed by gold, whose audit was conducted by Kreston Global. The stablecoin is issued on the Ethereum and TRON networks, and the smart contracts have passed a review by ConsenSys Diligence.

Recall that in November 2025, Kyrgyzstan conducted its first USDKG issuance on the TRON network. The ceremony was attended by the country’s president Sadyr Japarov, Minister of Finance Almaz Baketaev, and Biibolot Mamytov.

CRV-1.38%
UNI-1.05%
ETH0.18%
TRX1.51%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned