OSL Group CEO Kevin Cui: USDGO Aims to Address Real Payment and Settlement Needs for Businesses

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The stablecoin trading and payment platform OSL Group (863.HK) Executive Director and CEO Kevin Cui stated that the company’s latest stablecoin USDGO aims to address real business needs, such as instant global fund allocation, supplier payments, cross-border settlements, and more. OSL Group will also establish the Stablecoin Ecosystem Alliance GO Alliance, collaborating with more partners in payments, custody market makers, and financial infrastructure, and will provide an initial ecosystem incentive of 20 million USD.

Kevin Cui delivered a keynote speech at the Consensus Hong Kong event hosted by OSL Group and its surrounding series of activities. He mentioned that stablecoins are no longer seen merely as simple crypto assets but have evolved into a key component of global financial infrastructure. They are not a new form of currency; fundamentally, they are a new type of infrastructure backing funds.

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