OSL Lists Kyrgyzstan’s Gold-Backed Stablecoin USDKG in Hong Kong

Highlights:

• OSL has listed Kyrgyzstan’s gold-backed USDKG stablecoin on its licensed Hong Kong exchange.
• USDKG is tied to the U.S. dollar and supported by audited physical gold reserves.
• The listing gives USDKG access to professional investors through OSL’s regulated platform.

OSL Group has listed USDKG, a gold-backed stablecoin issued by the Kyrgyz Republic, on its Hong Kong-licensed digital asset exchange. The company announced the listing on Thursday, saying the token is now available to professional investors through OSL HK’s regulated trading infrastructure.

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The listing brings a state-supervised, asset-backed digital currency to Hong Kong, one of Asia’s most closely watched virtual asset markets. USDKG is pegged 1:1 to the U.S. dollar and is fully backed by physical gold reserves. At launch on OSL HK, the USDKG/USDT trading pair is available through the exchange’s over-the-counter platform for professional investors.

OSL said the listing fits its plan to build a safer and more compliant digital asset market. The firm further added that USDKG could help make stablecoins more popular in international payments and financial services.

JUST IN: OSL HK lists USDKG, a gold-backed stablecoin from Kyrgyz Republic.

If liquidity and adoption expand, gold-backed stablecoins could sharpen macro-hedge options in Asia crypto markets. $USDKG pic.twitter.com/s1VZpcTnhN

— Bpay News (@bpaynews) May 21, 2026

OSL Expands Its Stablecoin Offering

Jason Liu, Global Exchange Chief Operating Officer of OSL, said the listing adds another regulated asset to the company’s platform. “OSL is dedicated to providing investors with access to regulated, innovative assets,” Liu said. He added that the listing of USDKG “not only enriches OSL’s product offerings for the market, but also strengthens its compliant stablecoin ecosystem.”

Liu also said USDKG’s listing strengthens OSL’s role in the digital asset market. He noted that the company continues to build licensed services for trading, stablecoin payments, and settlement between fiat and digital currencies.

The move also gives USDKG access to a more institutional market. Hong Kong is establishing clearer rules for virtual asset trading, which has attracted firms seeking regulated market access. For USDKG, the OSL listing opens the door to professional investors via licensed infrastructure, rather than relying solely on decentralized platforms.

USDKG Uses Gold Reserves and Blockchain Rails

USDKG is issued by OJSC Virtual Asset Issuer, a state-owned entity under Kyrgyzstan’s Ministry of Finance. According to the announcement, the stablecoin has an initial issuance of $50 million, backed by physical gold reserves audited by Kreston Global.

The token runs on Ethereum and TRON. Its smart contracts were audited by ConsenSys Diligence, according to the source material. USDKG is also available through decentralized exchanges such as Curve and Uniswap. Major wallets, including Ledger Live, MetaMask, Trust Wallet, and TronLink, support it.

Biibolot Mamytov, CEO of Gold Dollar, said the Hong Kong listing is an important step for the project. “This listing represents an important milestone for USDKG as we enter one of the most established and highly regulated digital asset markets globally,” Mamytov said.

He added that many people see Hong Kong as the “gold standard for digital asset regulation.” Mamytov said the partnership with OSL shows USDKG’s focus on transparency, gold-backed reserves, and institutional-grade infrastructure.

Kyrgyzstan Pushes Regulated Digital Assets

The listing also supports Kyrgyzstan’s wider push into regulated, asset-backed digital currencies. USDKG also claims adherence to the Financial Action Task Force’s Know Your Customer standards, as well as anti-money laundering requirements. 

Such measures are significant for the stability of a stablecoin targeting institutional investors and regulated financial exchanges. In terms of OSL, it provides a new stablecoin product on the exchange platform. Meanwhile, USDKG gives Kyrgyzstan stronger exposure in one of the leading digital asset markets.

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