Anchorage Digital will partner with OSL to issue a new dollar-based stablecoin – USDGO.
OSL Group (HKEX: 863) is a Hong Kong-based stablecoin trading and payment platform for financial institutions and individuals. The company offers crypto trading, custody, payments, and tokenization services.
Anchorage Digital and OSL are said to share a “long-term vision for programmable, borderless, instant settlement rails built within regulated financial frameworks.”
The partnership is described as reinforcing Anchorage Digital’s effort to onshore the global stablecoin industry by moving issuance into a fully regulated US bank environment. OSL’s branded stablecoin will use Anchorage Digital Bank’s federally regulated infrastructure, featuring end-to-end issuance on any blockchain, AML/KYC, and asset protections. USDGO will be backed 1:1 by liquid assets and U.S. Treasuries.
Nathan McCauley, co-Founder and CEO of Anchorage Digital, said they were proud that OSL was partnering with them to bring USDGO to market.
“When institutions look at crypto, the first question they ask is simple: ‘Who regulates you? Our federal bank charter is the answer.”
