HK Stock Market Move | OSL GROUP (00863) rises over 8% in the afternoon, rumored to be among the first batch of stablecoin licensees in Hong Kong.

OSL GROUP (00863) rose more than 8% in the afternoon, rising 8.4% to HK$14.19 by the time of publication, with a trading volume of HK$59.0259 million. On the news front, it is expected that the list of the first batch of stablecoin issuers in Hong Kong will be announced this month. According to a compilation of information from multiple sources by "SING TAO", three companies are expected to be included, including Standard Chartered Bank, HSBC Bank, and OSL GROUP, the first licensed virtual asset trading platform in Hong Kong. The list could be announced as early as next week, but it may change at any time. At the end of last month, OSL GROUP announced that its first licensed digital asset exchange in Hong Kong, OSL HK, officially launched the enterprise-grade compliant stablecoin USDGO. Professional investors in Hong Kong can trade USDGO through over-the-counter (OTC) transactions. Jason Liu, Head of Global Exchange Business at OSL GROUP, stated that USDGO plays a crucial role in OSL GROUP's compliant stablecoin trading and payment strategy.