USDKG is pegged 1:1 to the US dollar and is backed by physical gold reserves. The stablecoin has become available to professional investors through OSL’s trading and custodial infrastructure.

The company noted that OSL Hong Kong operates under license from the Securities and Futures Commission of Hong Kong (SFC) and is considered one of the regulated digital asset exchanges in the region.

According to Biybolot Mamytov, Chairman of the Board of Directors of Issuer of Virtual Assets OJSC, the listing on OSL is an important milestone in the project’s development.

«We’re entering one of the most reputable and highly regulated digital asset markets in the world. Our partnership with OSL reflects our focus on transparency, gold reserves, and institutional-grade infrastructure,» he said.

According to the issuer’s information, USDKG is issued by Issuer of Virtual Assets OJSC with 100 percent state participation. Operational management, including work with gold reserves, is carried out by a private company under an agreement with the issuer.

The initial public offering of the stablecoin was $50 million. According to the issuer, the asset is backed by physical gold audited by Kreston Global.

The token operates on the Ethereum and TRON blockchains, and its smart contracts have been audited by ConsenSys Diligence.Furthermore, USDKG is already available on the decentralized exchanges Curve and Uniswap, and is supported by a number of crypto wallets.

A stablecoin is a type of cryptocurrency value of which is pegged to a stable asset, such as the US dollar or gold. In the case of USDKG, it claims to be backed by gold reserves and pegged to the dollar.