Institutional access to digital dollar liquidity is growing as cross-border settlement demand rises and stablecoins gain a larger role in market infrastructure. OSL Group and Circle are expanding USDC use across trading, payments, and settlement in Asia.
Key Takeaways:
- OSL Group expanded USDC access across trading, payments, and settlement.
- Circle strengthens regulated stablecoin rails for institutional liquidity in Asia.
- Eligible clients gain added utility as OSL deepens USDC-based services.
OSL and Circle Expand USDC Access
Stablecoin infrastructure providers are increasing institutional access to digital dollar liquidity as cross-border settlement demand continues to rise. On April 22, Hong Kong-listed OSL Group (HKEX: 863) and Circle Internet Group (NYSE: CRCL) announced a partnership to expand access to USDC across OSL’s trading and payments ecosystem, supporting conversions, margin usage, and settlement activity.
According to the announcement, OSL Global allows clients to convert USD and USDC on a 1:1 basis and offers a dedicated USDC trading zone with pairs against BTC, ETH, SOL, USD, and USDT. The integration also enables stablecoin-based settlement and payment flows within the platform. OSL Group Chief Commercial Officer Eugene Cheung stated:
“This partnership with Circle underscores OSL Group’s commitment to building a vibrant stablecoin ecosystem, and aligns with our endeavour to build the next generation of financial market infrastructure connecting stablecoins, fiat currencies and other digital assets to enable the seamless exchange of value.”
Stablecoins Push Deeper Into Market Infrastructure
The arrangement provides eligible participants with access to Circle’s USYC, a tokenized money market fund, subject to compliance requirements and platform criteria. OSL also said it uses USDC as a unified margin asset, a structure designed to enhance capital efficiency and trading flexibility.
Outside this partnership, USDC has expanded its reach through collaborations spanning financial institutions and payment networks. The stablecoin is supported by reserves held within regulated U.S. entities, with Blackrock overseeing the Circle Reserve Fund and BNY Mellon handling custody functions. Integrations with Visa and Mastercard place USDC within global payment rails, while agreements with Mercado Pago and Grab extended its reach to users across Latin America and Southeast Asia for everyday financial use.
The partnership reflects a broader shift toward embedding stablecoins within regulated financial infrastructure rather than limiting usage to trading activity. Circle Chief Business Officer Kash Razzaghi added:
“As digital asset markets mature, institutions are looking for trusted, transparent infrastructure to move value globally and in real time. By working with OSL to expand access to USDC across trading and payments, we’re reinforcing a foundation for digital dollar liquidity in Hong Kong and beyond.”
The executive stressed that the collaboration supports capital efficiency, innovation, and long-term market growth.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CHIP Liquidations Hit $1.2M in One Hour as Trader neoyokio.eth Opens $2.2M Long Position
Gate News message, April 23 — According to monitoring data from Hyperinsight and Coinglass, CHIP led all assets in liquidations over the past hour with approximately $1.2 million in liquidated positions, primarily long positions. On the Hyperliquid platform, a single address was liquidated twice ove
GateNews6h ago
Pornhub Switches Creator Payouts from USDT to USDC for Greater Reliability
Pornhub swapped creator payouts from USDT to USDC, citing reliability and MiCA compliance; older USDT-PayPal ties and TronLink-based partnerships have been removed.
Abstract: Pornhub replaced USDT payouts with USDC for creators, arguing USDC is more reliable and MiCA-compliant. The move ends PayPal-USDT ties and TronLink-based payment infrastructure, and those partnerships were removed from the creator payment page.
GateNews7h ago
Circle Proposes Emergency Rate Overhaul for Aave's Frozen USDC Pool
Summary: Circle proposes an emergency Aave V3 USDC overhaul, lifting Slope 2 to ~40% to restore healthy utilization (target ~85%), with max rate rising to ~48%, arguing borrowers ignore rates; also suggests pausing the USDC risk oracle.
Abstract: Circle has urged an emergency overhaul of Aave V3's USDC pool after four days at near-6% idle liquidity and 99.87% utilization following the KelpDAO exploit. The plan would immediately raise Slope 2 for USDC deposits from about 10% to 40%, followed by governance ratification of a 50% target within a week. The aim is to attract supply and restore balanced utilization, with a move to a higher max supply rate (about 48%) at full utilization. Liao argues current borrowers use USDC borrowing as a queue-bypass mechanism and are insensitive to current rates, making supply-focused incentives essential. The proposal also recommends pausing the USDC Risk Oracle due to past underperformance. Circle’s stance is notable because a stablecoin issuer is essentially saying the market for its asset on Aave is broken.
CryptoFrontier10h ago
USDC Treasury Mints 200M USDC on Ethereum, Worth ~$199.9M
Summary: USDC Treasury minted 200M USDC on Ethereum at 22:00 UTC; worth about $199.9M, per Whale Alert.
Abstract: A Gate News update reports that the USDC Treasury minted 200 million USDC on the Ethereum network at 22:00 UTC, with Whale Alert corroborating the mint. The new supply is valued at roughly $199.9 million, illustrating a substantial increase in USDC issuance.
GateNews17h ago
RedotPay Integrates Sui and USDC-Sui, Expanding Payments to 100+ Countries
RedotPay now supports SUI and USDC-Sui on the Sui network, enabling faster global payments for 130M merchants and 7M customers, with scalable cross-border transactions bridging crypto and commerce.
Abstract: RedotPay has added support for SUI and USDC-Sui on the Sui network, enabling seamless payment processing and global payouts across its ecosystem. Serving more than 130 million merchants in over 100 countries and about 7 million customers, the platform aims to offer faster, more scalable cross-border payments and broader blockchain-enabled financial access. By integrating SUI and USDC-Sui, RedotPay seeks to simplify sending and receiving payments worldwide while ensuring secure, efficient transactions that bridge digital assets with real-world commerce.
GateNews04-22 07:41
Whale Deposits $2M USDC to Hyperliquid, Buys 50,080 HYPE at $39.94 Average
Gate News message, April 22 — According to Onchain Lens, a whale deposited 2 million USDC to Hyperliquid and purchased 50,080 HYPE at an average price of $39.94 per token.
GateNews04-22 05:11
