OSL Partners with Banking Circle to Expand Multi-Currency Stablecoin to Fiat Payment Channels

Banking Circle and OSL Group have deepened their collaboration by adding multi-currency payment channels for five currencies: Australian Dollar, British Pound, Hong Kong Dollar, Singapore Dollar, and US Dollar, facilitating OSL's expansion into new B2B markets. Banking Circle will provide infrastructure support to OSL, simplifying fiat settlement, digital asset exchange, and liquidity management. With the 24/7 instant payment network BC-Now, OSL will offer institutional clients a one-stop compliance platform to receive, exchange, and settle funds globally throughout the year, without the need to connect with multiple banks across different jurisdictions. Eugene Cheung, Chief Business Officer of OSL Group, stated that the next phase of digital asset applications will be driven by real payment use cases, as businesses seek to switch seamlessly between fiat and stablecoins, necessitating regulated, scalable, and internationally connected infrastructure.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.