The USDKG stablecoin, issued by the Kyrgyz Republic, has been listed on OSL, a licensed digital asset platform in Hong Kong. Pegged 1:1 to the US dollar and fully backed by physical gold, the token is available for trading and custody with the pair USDKG/USDT.

OSL targets institutional clients and operates under Securities and Futures Commission (SFC) licenses, allowing the platform to trade securities and provide automated services. Gold Dollar CEO Biybolot Mamytov highlighted that the listing grants access to one of the most tightly regulated digital asset markets, reinforcing transparency and institutional-grade infrastructure.

USDKG is issued by OAO “Issuer of Virtual Assets” with 100% state ownership. Gold reserves management is delegated to a private firm under contract, preventing USDKG from being classified as a central bank digital currency (CBDC). The token is also available on decentralized exchanges Curve and Uniswap, supported by Ledger, MetaMask, Trust Wallet, and TronLink, with a total issuance of $50 million, gold audited by Kreston Global, and smart contracts verified by ConsenSys Diligence.