Key Takeaways
- Anchorage Digital will issue OSL’s USDGO stablecoin under a U.S. federal bank charter.
- USDGO aims to provide compliant, multi-chain, and instant cross-border settlements fully backed by U.S. Treasuries.
Anchorage Digital, the only federally chartered crypto bank in the U.S., will issue USDGO, a new dollar-backed stablecoin developed by OSL Group, Asia’s leading stablecoin platform. The partnership enables the issuance of fully regulated, multi-chain stablecoins under U.S. banking supervision.
USDGO will launch with 1:1 backing in U.S. Treasuries, full AML/KYC compliance, and issuance support across blockchains. Anchorage’s federal charter offers the regulatory clarity institutions demand, while OSL gains a U.S.-based platform to expand its global stablecoin footprint.
OSL CEO Kevin Cui called it a step into the “utility era,” enabling faster, cheaper global payments without compromising compliance. Anchorage will also support USDGO’s programmable settlement features and cross-border use cases.
Source: https://cryptobriefing.com/regulated-stablecoin-issuance-usdgo/
