USDGO: A Regulated Dollar Coin for Businesses From OSL and Anchorage
A business payments stablecoin that began on Solana
USDGO is a dollar stablecoin for business payments, branded and distributed by Hong Kong’s digital-asset group OSL and issued by the federally chartered US bank Anchorage Digital Bank. It first appeared on Solana in February 2026.
1. Announced by OSL, issued by Anchorage
OSL Group announced USDGO in December 2025 and launched it officially on 10 February 2026. The issuer is Anchorage Digital Bank N.A., described as the first federally chartered crypto bank in the US, while OSL operates the brand and distributes the coin. Anchorage received a US national bank charter in 2021. In Hong Kong it is distributed only through the licensed affiliate OSL Digital Securities.
On the Crypto Nation map, USDGO stands in Solana City, because it was first issued on Solana. The first batch at launch was deployed there, with plans to expand to other blockchains.
2. One-to-one reserves and a regulatory frame
USDGO is pegged to one US dollar, and its reserves are described as cash, short-term US Treasuries and other high-quality liquid assets held one-to-one. It stresses that its issuer is a bank, that it is designed to meet the standards of the US stablecoin law, the GENIUS Act (signed in July 2025), and that it is audited by a third party. OSL’s own analysis adds that reserves include tokenized money-market products.
Holders are told they can convert to dollars at any hour without extra redemption fees, aiming to ease the frustrations of cross-border payments tied to banking hours. Businesses’ settlement and treasury management are the main targets, and blockchains do not stop at night or on weekends, which can shorten settlement times.
3. Uses and milestones
The main uses promoted are business-to-business settlement, cross-border payments, liquidity management and treasury operations. Plans extend to cross-border e-commerce, international trade, financial services and interactive entertainment.
After the December 2025 announcement and the 10 February 2026 launch, OSL said in July 2026 that circulation had grown sharply. A rewards program for holders is run, and the exchange Bitget announced a yield product using USDGO.
4. Things to know
The regulatory framework is still unfinished. The GENIUS Act passed its first anniversary in July 2026 without final implementing rules, and one analysis says rulemaking may not conclude before the first quarter of 2027. Requirements for issuers and distributors may change accordingly, and applications for issuer status are reportedly on hold.
USDGO is a regulated product aimed at businesses, and where and how ordinary users can hold it depends on distributors’ licences and local rules. Reserve assets sit with banks and asset managers, adding dependence on them, and redemptions could bunch up in a crisis. Growth figures often come from the issuer’s own materials, so independent sources are worth consulting.
Written from information public up to October 2026. It does not recommend or rate any coin and is not investment advice. If something is wrong, please tell us through the contact page.