Kyrgyz Republic’s Gold-Backed Stablecoin USDKG Hits Hong Kong Markets via OSL Partnership

Hong Kong, Hong Kong, May 21st, 2026, TechnologyWire

USDKG, the gold-backed stablecoin officially launched by the Kyrgyz Republic today announces a partnership and listing on the publicly traded OSL (863.HK) exchange.

OSL Group is a Hong-Kong based global stablecoin payment and trading platform with a digital asset exchange that has listed USDKG. The listing is a big step for ushering in a new era where state-supervised and asset-backed digital currency are now available on a top tier globally recognized licensed platform for digital assets.

USDKG is a stablecoin pegged 1:1 to the U.S Dollar and backed by physical gold reserves and is now available for institutional clients via OSL's secure infrastructure. The USDKG/USDT trading pair is currently offered on the OSL HK OTC platform.

The listing of USDKG to OSL HK’s OTC platform underscores the parties commitment to building a secure, compliant digital asset landscape in Asia. By listing a gold-backed stablecoin, the company is expanding its reach through a regulated, institutional-grade venue, facilitating its adoption for cross-border payments and financial applications. 

Jason Liu, Global Exchange COO of OSL, said: “OSL is dedicated to providing investors with access to regulated, innovative assets. The listing of USDKG not only enriches OSL's product offerings for the market, but also strengthens its compliant stablecoin ecosystem, as the introduction of a state-backed, compliant digital asset further underscores OSL's credibility and leadership within the industry.”Biibolot Mamytov, CEO of Gold Dollar (USDKG), said: “This listing represents an important milestone for USDKG as we enter one of the most established and highly regulated digital asset markets globally. Hong Kong is widely regarded as the gold standard for digital asset regulation, and working with OSL reflects our focus on transparency, gold-backed reserves, and institutional-grade infrastructure.”

About USDKG

USDKG is issued by OJSC Virtual Asset Issuer, a state-owned entity under Kyrgyzstan’s Ministry of Finance, with an initial issuance of $50 million backed by physical gold reserves audited by Kreston Global. The stablecoin is deployed on Ethereum and TRON, with smart contract audits conducted by ConsenSys Diligence.

The token is already accessible through decentralized exchanges, including Curve and Uniswap, and supported by major wallets such as Ledger Live, MetaMask, Trust Wallet, and TronLink. The stablecoin is fully compliant with FATF KYC/AML standards and is designed to facilitate financial inclusion and efficient cross-border value transfer.

With this listing, Kyrgyzstan continues to position itself as a regional first-mover in regulated, asset-backed digital currencies, bridging traditional finance and blockchain infrastructure while maintaining full sovereign oversight and public accountability.

About OSL Group

OSL Group (HKEX: 863) is a global stablecoin payment and trading platform that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Licensed, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide. For media inquiries, users can contact: media@osl.com

Disclaimer

This article is for informational purposes only and does not constitute, and shall not be construed as, an offer, solicitation, invitation, recommendation, or inducement to buy, sell, subscribe for, or otherwise deal in any digital assets, securities, or financial products. It does not constitute financial, investment, legal, tax, accounting, or other professional advice and should not be relied upon as such. The views, statements, and information contained herein do not necessarily reflect the official positions or commitments of OSL Group or any of its affiliates. Any descriptions of products, services, promotions, or programmes are for general reference only. Participation in any products, services, or promotions mentioned is subject to applicable terms, conditions, and regulatory requirements. This article may contain forward-looking statements or indicative information. Actual outcomes may differ materially, and OSL Group assumes no obligation to update such information. 

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