Hong Kong-based OSL Group and Anchorage Digital launched USDGO, a US-regulated stablecoin.

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According to a report by CoinDesk on December TechFlow, Hong Kong-based cryptocurrency exchange OSL Group has partnered with US-chartered crypto bank Anchorage Digital to launch the USDGO stablecoin. This stablecoin is backed 1:1 by liquid US dollar assets such as US Treasury bonds, incorporates KYC and AML compliance features, and supports issuance on multiple blockchains. This move aims to meet the needs of enterprise users for cross-border payments, treasury operations, and on-chain settlements, while ensuring regulatory compliance.

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