News Heat Trend
Project Overview
OSL is Asia's a digital asset platform, providing brokerage, custody, exchange, and software-as-a-service (SaaS) for institutional clients and professional investors. It is the first company to be granted Types 1 and 7 digital asset licenses by the Hong Kong Securities and Futures Commission.
OSL Group Partners with Circle to Expand Global Access to USDC
According to The Block, OSL Group has announced a partnership with Circle’s affiliated entities to expand USDC integration across its payment and trading platforms. Through OSL Global, users can exchange USD for USDC at a 1:1 ratio and trade BTC, ETH, SOL, USD, and USDT pairs in a dedicated USDC trading zone. Meanwhile, OSL has adopted USDC as its unified margin asset and integrated USDC into its payment services to support compliant digital dollar settlement and payment use cases. OSL also stated that it plans to support Circle’s tokenized money market fund, USYC, subject to regulatory requirements and platform eligibility criteria.
Caixin: Applications for the second batch of Hong Kong-compliant stablecoin licenses are underway
According to Caixin, applications for the second batch of Hong Kong-compliant stablecoin licenses are underway. Reliable sources revealed that Futu Securities and OSL Group are among the contenders for the second batch of licenses. However, in November last year, China’s People’s Bank of China and 12 other ministries reiterated their stance on cracking down on virtual currency trading within mainland China and classified stablecoins as virtual currencies—meaning stablecoin trading will not be permitted in mainland China.
Related news
AnchorageDigital Submits Comment Letter on GENIUS Act, Plans to Issue Stablecoin UDSPT with Western Union
Odaily Odaily has learned that AnchorageDigital Bank has submitted a comment letter regarding the U.S. Office of the Comptroller of the Currency's proposed rulemaking on the GENIUS Act. The company has already issued three stablecoins for multiple partners, including USAT in collaboration with Tether, USDGO with OSL Group, and USDtb with Ethena. AnchorageDigital stated that it plans to jointly issue a fourth stablecoin, UDSPT, with Western Union in the near future, and expects to officially become a licensed payment stablecoin issuer after the GENIUS Act takes effect.
OSL Group Partners with Circle to Expand Global Access to USDC
According to The Block, OSL Group has announced a partnership with Circle’s affiliated entities to expand USDC integration across its payment and trading platforms. Through OSL Global, users can exchange USD for USDC at a 1:1 ratio and trade BTC, ETH, SOL, USD, and USDT pairs in a dedicated USDC trading zone. Meanwhile, OSL has adopted USDC as its unified margin asset and integrated USDC into its payment services to support compliant digital dollar settlement and payment use cases. OSL also stated that it plans to support Circle’s tokenized money market fund, USYC, subject to regulatory requirements and platform eligibility criteria.
Caixin: Applications for the second batch of Hong Kong-compliant stablecoin licenses are underway
According to Caixin, applications for the second batch of Hong Kong-compliant stablecoin licenses are underway. Reliable sources revealed that Futu Securities and OSL Group are among the contenders for the second batch of licenses. However, in November last year, China’s People’s Bank of China and 12 other ministries reiterated their stance on cracking down on virtual currency trading within mainland China and classified stablecoins as virtual currencies—meaning stablecoin trading will not be permitted in mainland China.