OSL HK lists USDKG, Kyrgyzstan's gold-backed stablecoin

OSL HK has listed USDKG, a gold-backed stablecoin issued by a Kyrgyz state-affiliated entity.

USDKG is pegged 1:1 to the U.S. dollar, backed by physical gold, and launched with a $50 million initial issuance.

The token runs on Ethereum and Tron and is available to professional investors via OTC trading against USDT.

The listing adds a government-supervised, asset-backed stablecoin to Hong Kong’s regulated digital-asset market.