---
title: "USDGO (USDGO) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/usdgo-osl/"
description: "Build-time stablecoin profile for USDGO (USDGO). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-08-11"
---



# USDGO (USDGO)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

OSL's USDGO has been compounding supply at a pace that makes most stablecoin launches look lethargic, backed by T-bills and cash at Anchorage Digital under an OCC charter — on-chain liquidity is the bottleneck, not credentials. The float crossed the ten-figure line in July 2026 — OSL says the run from $100 million to $1 billion took just three months, placing USDGO among the top six regulated stablecoins globally by circulating supply — and it has kept drifting higher since, all while holding a near-perfect peg. The safety grade has settled at a C+ as on-chain liquidity strains to keep pace with issuance, but the reserve stack keeps upgrading: Treasury bills and cash under an OCC federal bank charter, now diversified across tokenized money-market funds from JPMorgan, BlackRock, and Goldman Sachs — credentials that outclass most competitors several times its size, with institutional {{term:custody}}custody{{/term}} and same-day {{term:redemption}}redemption{{/term}}. Thin on-chain depth against a ten-figure float makes this an issuer-API exit story rather than an on-chain arbitrage play — the exit pillar is the report card's weak leg — with OSL's institutional pipeline doing the heavy lifting. The old question was whether the surge was one-time onboarding; a billion-dollar float built in months says the Asia-Pacific institutional pipeline is a durable bid — the question now is whether the on-chain plumbing ever catches up to it.

## Collateral

U.S. Treasuries, cash, and high-quality liquid assets held by Anchorage Digital Bank, with reserve yield linked to the Effective Federal Funds Rate.

## Peg Mechanism

1:1 USD redemption through Anchorage Digital Bank under U.S. federal oversight

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| United States | OCC | Federal Bank Charter |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| solana | `72puLt71H93Z9CzHuBRTwFpL4TG3WZUhnoCC7p8gxigu` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/usdgo-osl.