Anchorage Digital scored another stablecoin issuance deal and is crediting its unique regulatory standing.
On Thursday, the federally chartered crypto bank said Hong Kong-based crypto exchange OSL Group had selected it to issue its U.S. dollar–backed USDGO stablecoin.
“OSL Group … will launch USDGO through Anchorage Digital Bank’s federally regulated platform—the first and only stablecoin issuance solution under direct federal oversight,” the two companies said in a joint statement.
The move follows Tether, in September, selecting Anchorage for issuing USAT, a stablecoin designed specifically for the U.S. market. While Tether is by far and away the market leader in stablecoins with $186 billion of USDT circulation, it has not been able to tap the U.S. market.
“Our status as the only U.S. federally chartered stablecoin issuer gives industry leaders like OSL the regulatory certainty they need,” an Anchorage spokesperson told The Block. “With a proven track record of working with major crypto-native and traditional players, Anchorage Digital Bank will continue to set the industry standard for stablecoin issuance.”
Anchorage is keen to play a “role in on-shoring the global stablecoin industry by moving issuance into a fully regulated U.S. bank environment.”
According to OSL Group, it is Asia’s leading stablecoin trading and payment platform. Anchorage achieved a valuation of over $3 billion after a 2021 Series D round.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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