OSL Group announced that its corporate stablecoin, USDGO, has surpassed $100 million in circulating supply, reaching a current value of $130 million, just about two months after its launch.
The announcement was made on April 14th. USDGO is a compliant stablecoin developed by OSL Group and regulated by the US federal government. Its reserve assets are backed by BlackRock's BUIDL fund and Goldman Sachs' STBXX stablecoin reserve fund.
OSL upgrades the USDGO ecosystem.
At the same time, OSL upgraded its previous ecosystem alliance, the GO Alliance, to the Stable Alliance, a global stablecoin industry alliance.
The Stable Alliance is described as an open alliance comprising various business entities. The alliance's goal is to strengthen the global stablecoin ecosystem, promote the value of compliant stablecoins through on-chain circulation, and support the real economy.
