Hong Kong, June 17, 2026 — OSL Group (HKEX:863) (OSL), a global stablecoin payments and trading platform, today announced that the circulating supply of USDGO, its compliant enterprise stablecoin, has surpassed US$500 million. Within four months of launch, USDGO has steadily built a diversified ecosystem spanning reserves, payments, trading and infrastructure. Its continued growth in circulation further strengthens USDGO's underlying capacity to support large-value payments, cross-border clearing and institutional fund flows.

USDGO is a federally regulated stablecoin operated under the GENIUS Act regulatory framework. It is issued by Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., with OSL serving as its brand operator and distributor. USDGO was officially launched in February 2026 and surpassed US$100 million in circulating supply approximately two months later.

Solid Progress Across the Payments Ecosystem

Since its launch, USDGO has focused on real-economy needs such as cross-border payments, fiat on- and off-ramps and institutional fund flows. It has established partnerships with leading payment and trading service providers including Banxa, Yellow Card, GoldStack, PolyFlow, Geoswift and Vantage, covering both emerging and developed markets and spanning multiple scenarios such as cross-border e-commerce, international trade, on-chain fund transfers, corporate treasury management and digital asset trading.

In on-chain infrastructure and institutional custody, USDGO has further enhanced its underlying service capabilities for corporate and institutional clients through partnerships with Solana, Fireblocks, Cactus Custody and Amber Group, providing technical and operational support for higher-frequency, larger-value payments, clearing and fund transfers.

Reserve Strength Further Enhanced

USDGO is pegged 1:1 to the U.S. dollar and backed by high-quality liquid assets including cash and short-term U.S. Treasuries, subject to rigorous third-party audits. JPMorgan's tokenized money market fund, JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), has recently become one of USDGO's reserve assets, further enhancing the security, diversity and transparency of USDGO's underlying assets.

Previously, USDGO's reserves had already been supported by BlackRock's tokenized fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL), and Goldman Sachs' stablecoin reserve fund, Goldman Sachs Stablecoin Reserves Fund (STBXX).

Jason Liu, Head of USDGO at OSL Group, said:

"Surpassing US$500 million in circulation is an important milestone in USDGO's development. For a compliant enterprise stablecoin, robust liquidity scale provides a solid foundation for expanding into broader commercial applications. By building a diversified ecosystem, USDGO will continue to work with partners to improve the global payments network, further unlock the value of compliant enterprise stablecoins in the real economy, and meet the strong needs of the market and our clients."

About USDGO

USDGO is a federally regulated and third-party audited U.S. dollar stablecoin purpose-built for the GENIUS era. It is 1:1 backed by high-quality liquid assets, including U.S. Treasuries. Anchorage Digital Bank is the issuer. OSL Group is the branding partner. With enterprise-grade services, USDGO aims to become a compliant liquidity and settlement tool connecting Web 3 industries and traditional finance with on-chain operations. It enables enterprises to orchestrate global capital through compliant payment rails, effective treasury management, and diverse digital assets access, and is dedicated to the long-term empowerment of the real economy. For more information, please visit USDGO's official website: www.usdgo.com.

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, please 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.

For the avoidance of doubt, this article is strictly intended for Professional Investors (as defined under the Securities and Futures Ordinance (Cap. 571) and its subsidiary legislation) and is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to applicable laws or regulations. This article does not constitute active marketing to the public in Hong Kong.

The products referenced in this document may constitute Specified Stablecoins under the Stablecoin Ordinance (Cap. 656) ("Stablecoin Ordinance"). However, the issuers of the relevant products and OSLDS are not licensed under the Stablecoin Ordinance to conduct Regulated Stablecoin Activities in Hong Kong. OSLDS is a Permitted Offeror under the Stablecoin Ordinance, and OSLDS only offers such products and services in Hong Kong to clients who have been verified and accepted by OSLDS as professional investors.

This post is commissioned by OSL and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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