PANews reported on February 9th that OSL Group, a stablecoin trading and payment platform, announced that its Hong Kong-based compliant digital asset trading platform, OSL HK, officially became the first exchange in Hong Kong to list the USD stablecoin RLUSD on February 9th. OSL HK will offer two trading pairs, RLUSD/HKD and RLUSD/USDT, to professional investors, and will simultaneously launch over-the-counter (OTC) trading services.

RLUSD is a USD-compliant stablecoin issued by Ripple, backed by a 1:1 reserve of US cash and Treasury bonds. According to the announcement, OSL Group and Ripple will further explore cooperation and synergy opportunities in the global payments sector.