HK Stock Market Move | OSL GROUP (00863) rose more than 4% at the close. The circulation of the compliant enterprise-level stablecoin USDGO has exceeded 100 million US dollars.

OSL GROUP (00863) rose more than 4% in the final trading session, rising 3.87% to 13.7 Hong Kong dollars as of the time of writing, with a trading volume of 19.2698 million Hong Kong dollars. On the news front, on April 14, OSL GROUP announced that the circulation size of its compliant enterprise stablecoin USDGO has exceeded 100 million US dollars, with the latest size reaching 130 million US dollars. Its reserve assets also recently received support from a fund under Goldman Sachs. OSL, in collaboration with the US federally-regulated crypto bank Anchorage, launched the USDGO stablecoin pegged to the US dollar, which is regulated by the US federal government. The stablecoin was officially launched in February 2026 by the company as the brand and operator. In addition, the Hong Kong Monetary Authority has issued the first batch of stablecoin issuer licenses to HSBC and Stonex Financial. A spokesperson for OSL GROUP stated that the official issuance of compliant stablecoin issuer licenses by the Hong Kong Monetary Authority is a significant positive development for the entire digital asset industry in Hong Kong. OSL GROUP will leverage its strengths in distribution, liquidity, and infrastructure, actively collaborate with issuers and other stakeholders, and drive the implementation of related products and applications to build a compliant stablecoin ecosystem in Hong Kong.