Gold-backed stablecoin $USDKG launches on Hong Kong's regulated OSL exchange!

A gold-backed stablecoin trading under the ticker $USDKG has entered Hong Kong's regulated crypto market through a listing on OSL, one of the city's licensed digital asset exchanges. The move marks a notable step for commodity-pegged stablecoins seeking legitimacy within Asia's most structured crypto jurisdiction.

Hong Kong has been actively positioning itself as a regulated hub for digital assets, and OSL holds one of the few Type 1 and Type 7 licences granted by the Securities and Futures Commission. A listing there signals that $USDKG has cleared meaningful compliance hurdles, distinguishing it from the broader field of asset-backed tokens that operate in regulatory grey zones.

Gold-backed stablecoins occupy a distinct niche — they offer commodity exposure without custody friction, and a regulated listing in Hong Kong could attract both retail and institutional interest from across…