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AI & Enterprise
OSL HK lists Kyrgyzstan gold-backed stablecoin USDKG
Hong Kong-licensed digital asset exchange OSL HK has listed USDKG, a gold-backed stablecoin issued by Kyrgyzstan. The token is pegged 1:1 to the U.S. dollar and is backed by physical gold reserves. Professional investors can trade the USDKG/USDT pair on OSL HK\'s over-the-counter platform. USDKG is issued by a state-owned entity under Kyrgyzstan\'s finance ministry, with an initial issuance of $50 million.
Crypto
Societe Generale adds stablecoins to Canton Network for tokenised finance
French bank Societe Generale will use its own stablecoins, EURCV and USDCV, on the Canton Network to support tokenised collateral, repo financing and institutional payments. Its digital assets unit Societe Generale-FORGE will deploy the euro-backed EURCV and dollar-backed USDCV on the network. The stablecoins will be available only to permitted participants outside the United States and are not registered under U.S. securities laws.
Crypto
XRP camp says SWIFT cannot copy Ripple technology and will have to integrate
A claim has emerged that Ripple’s patents and trade secrets make it difficult for competitors to directly imitate its technology in the cross-border payments market. XRP community researcher SMQKE cited a 2025 fintech intellectual property study, saying Ripple’s patented technology and payment network could limit similar systems. The report also highlighted the role of trade secrets. It added there is no confirmed move by SWIFT to copy Ripple, and that SWIFT is building its own blockchain-based system focused on interoperability.
