Traditional brokerages are starting to seriously watch the stablecoin sector, and OSL's transition from an exchange to payment infrastructure shows that 60% of their revenue share indicates the narrative is really shifting.

Dongwu Securities (Hong Kong) research report states that OSL Group's adjusted revenue for 2025 is 534 million HKD, a year-on-year increase of 150.1%. The company has upgraded its positioning from a Hong Kong digital asset trading platform to a global stablecoin payment and trading platform, with stablecoins accounting for 60%. Revenue will be driven by stablecoin payments, fiat currency deposits and withdrawals, and B2B cross-border settlements. Profitability is expected to improve in the medium term due to increased payment share and reduced costs from channel reuse.