PANews reported on April 14 that OSL Group (863.HK), a global stablecoin payment and trading platform, announced today that its compliant enterprise-grade stablecoin USDGO has surpassed $100 million in circulating supply, reaching a current value of $130 million, approximately two months after its launch. USDGO is a stablecoin regulated by the U.S. federal government, and its reserve assets are backed by BlackRock's BUIDL Fund and Goldman Sachs' stablecoin reserve fund STBXX.

At the same time, OSL announced the upgrade of its previously initiated USDGO ecosystem alliance, GO Alliance, to the global stablecoin industry alliance, Stable Alliance. As an open industry alliance composed of various business entities, Stable Alliance is committed to further strengthening the ecosystem of the global stablecoin industry, aiming to work with the industry to promote the value release of compliant stablecoins through on-chain circulation and empower the real economy.