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Hesai Powers Safety-Certified AI Autonomy for Smart Logistics with 3D Lidar at MODEX 2026

PALO ALTO, Calif., April 14, 2026 /PRNewswire/ — Hesai Technology (NASDAQ: HSAI; HKEX: 2525), a global leader in lidar solutions, attended MODEX 2026 in Atlanta, showcasing its latest 3D lidar solutions for smart logistics applications. At the event, Hesai highlighted its collaboration with Thoro.ai, a Pittsburgh-based, industry-leading robotics company. Hesai will supply its high-performance mini 3D lidar, the JT128, to power Thoro.ai’s perception platform across a wide range of robotic applications, including the industry’s first safety-certified AI autonomy platform for industrial and commercial robots.

Hesai Powers Safety-Certified AI Autonomy for Smart Logistics with 3D Lidar at MODEX 2026
Hesai Powers Safety-Certified AI Autonomy for Smart Logistics with 3D Lidar at MODEX 2026

Thoro.ai is a software-first robotics company dedicated to enabling OEMs to launch safety-certified autonomous solutions with minimal in-house development. Through CoreFlex — a unified sensor and software suite — OEMs can accelerate time to market, reduce costs, and scale a single autonomy solution across multiple robot types. High-performance sensors like Hesai’s JT128 are critical to making this versatile architecture a reality, providing reliable data that can be used consistently across different machines and applications.

Hesai’s collaboration with Thoro.ai has already begun with significant developments underway. Four new autonomous mobile robots slated for release next year will all be powered by the JT128 lidar. Designed for various workflows across cleaning and material handling, this integration highlights the scalability of CoreFlex and the JT128’s ability to accelerate a wide range of autonomous applications.

With its slim 30 mm window height and a 70% smaller volume compared to similar products, the JT128 can be easily integrated into machines of all sizes, from small cleaning robots to large industrial robots. Its compact form factor helps Thoro.ai streamline hardware integration and simplify development, enabling OEM partners to adopt autonomy faster.

In addition to its compact size, the JT128 features the world’s widest 360° × 187° ultra-hemispherical field of view, delivering all-around perception coverage with no blind spots. In warehouse environments, some of Thoro.ai’s robots require vertical awareness to detect objects beneath forks and align with rack beams above. The vertical field of view of the JT128 enables true autonomous pallet handling while meeting strict safety standards.

Because lidar actively emits laser light, it is not affected by ambient lighting conditions. This makes the JT128 highly reliable across all of Thoro.ai’s robotic applications, including challenging environments with reflective surfaces and glass.

“At Thoro.ai, we think about each of these OEM partnerships not just as standalone projects, but as part of our CoreFlex autonomy architecture: a modular, safety-certified platform designed to scale across many machine types,” says Patrick Mondi, CEO of Thoro.ai. “The JT series plays a key role in making that possible by giving us reliable, high-fidelity perception that works consistently across very different form factors. This simplifies the integration process for our partners, lowers their development costs, and gets their autonomous solutions to market faster. Hesai’s responsiveness, bug testing, and rapid iteration cycles also align directly with our mission to deliver safe, reliable autonomy at scale.”

The collaboration between Hesai and Thoro.ai marks a significant step forward in the robotics industry. By integrating Thoro.ai’s advanced AI-driven autonomy software with Hesai’s high-performance JT128 lidar, the two companies are enabling OEMs to launch autonomous mobile robots that are safer, more intelligent, and faster to deploy. Visitors are invited to stop by Hesai’s booth (Hall A #5306) at MODEX 2026 to see firsthand how the company’s latest innovations are shaping the future of smart logistics.

Aramco Stadium Company announces executive leadership appointments

DHAHRAN, Saudi Arabia, April 14, 2026 /PRNewswire/ — Aramco Stadium Company, a subsidiary of Aramco, today announced its official launch and the appointment of its inaugural Board of Directors and Chief Executive Officer. The appointments mark a key milestone in activating the company and delivering one of the Kingdom’s most important sports and entertainment development projects, aligning with Saudi Arabia’s Vision 2030 and contributing to its hosting of the 2034 FIFA World Cup.

Aramco Stadium
Aramco Stadium

 

Fahad Al Dhubaib has been appointed Chairman of the Board of Directors of Aramco Stadium Company, and Mohammed Al Thomairi has been appointed Vice Chairman of the Board. Abdulrahman Alqudaib, Bader Alreziza, Nader Ashoor, Jefferson Slack, and James Bisgrove have also been appointed as Board members. In addition, Matthew Kittle has been named CEO. The board members and executive leadership possess extensive experience and skills in global sports and entertainment development, the management of major facilities and events, and commercial development and financial sustainability.

Located in Al-Khobar, Aramco Stadium is set to open this year with a capacity of 47,000 seats, and it will serve as the home ground for Al-Qadsiah Football Club. The stadium is part of an integrated complex spanning 800,000 square meters designed to welcome local residents and visitors from around the world throughout the year. The stadium is also intended to host international competitions, including the AFC Asian Cup 2027 and the FIFA World Cup 2034, as well as other entertainment events, further strengthening its role in the evolving sports and entertainment landscape of the Kingdom.

Aramco Stadium Company Contact Information

https://www.aramcostadium.com/en

Media Contacts:

Aramco Stadium Public Relations Team
pr@aramcostadium.com

About Aramco Stadium

Aramco Stadium is a state-of-the-art, multi-purpose sports and entertainment venue in Saudi Arabia’s Eastern Province, set within an 800,000+ square meter campus designed as a year-round destination. Built to international tournament standards, the fully air-conditioned stadium is intended to host matches during the 2027 AFC Asian Cup and the 2034 FIFA World Cup, underscoring its leadership within the Kingdom’s expanding global sports portfolio and its alignment with Saudi Vision 2030. Home to Al-Qadsiah FC, Aramco Stadium integrates advanced venue technology and premium hospitality to deliver world-class experiences while anchoring a fence-free campus featuring restaurants, nearly 130,000 square meters of public park space, sports courts, playgrounds, and community programming, establishing a vibrant 365-day destination for residents and international visitors alike.

Designed in Milan, Built for Europe: GAC Debuts the AION UT Electric Hatchback

MILAN, April 14, 2026 /PRNewswire/ — GAC today launches its second model in the fully electric AION product line in Europe’s capital of design Milan: the electric hatchback AION UT. The model was developed by GAC and co-designed by the GAC’s Advanced Design Centre in Milan. AION UT will first go on sale in Finland, Greece, Poland and Portugal this quarter. Other European markets will follow in Q3.

AION UT combines a contemporary design with a spacious interior and advanced intelligence and safety technology. It has a wheelbase of 2,750 mm and an interior space comparable to that of a mid-size sedan. The infotainment system features dual screens: a 14.6-inch touchscreen and an 8.88-inch digital instrument cluster. AION UT meets the highest safety standards, equipped with a double door ring, V-shaped side curtain airbags, and Level 2 ADAS technology.

The range is up to 430 km (WLTP). Charging from 30 to 80% via DC takes 24 minutes. The 0–100 km/h sprint is completed in 7.3 seconds. AION UT is available in two trim levels: Premium and Luxury.

Built in Austria

Like the SUV AION V, introduced in Europe last year, AION UT is assembled at Magna’s facility in Graz. Localization improves supply efficiency and market responsiveness, and marks a strategic shift for GAC: from vehicle exports to deeper, localised roots in Europe. Guided by its “In Europe, for Europe” commitment, GAC aims to actively contribute to the European electric mobility ecosystem, through local manufacturing, regional partnerships, and investment in sustainable mobility.

Designed in Milan

GAC’s European Advanced Design Centre bridges Eastern automotive expertise with European design sensibility, developing vehicles tailored to the European market. Located in Milan’s Via Tortona design district, the Centre brings together an international team of designers working on future mobility concepts, including next-generation electrification technologies. Models such as AION UT illustrate the Centre’s approach: combining GAC’s global technology with the refined aesthetics and craftsmanship that European customers expect.

GAC is working to expand further across Europe through new partnerships and the development of sales and service networks.

Pricing

Depending on the different market conditions, European pricing starts at 27,990 Euros.

About GAC

For further information about GAC, please visit: https://www.gacgroup.com/en or follow us on social.

Ofood Kimchi Ramyun Surpasses 1 Million Units Sold in Canada

– Real Jongga Kimchi differentiation drives strong Gen Z response at Costco and Loblaws 
– FreshCo expansion to reach 150 stores nationwide in Canada in the second half of the year

SEOUL, South Korea, April 14, 2026 /PRNewswire/ — Kimchi Ramyun, launched by Daesang’s leading Korean food brand Ofood, has surpassed 1 million units in cumulative sales in Canada, carving out a niche market by leveraging Korea’s heritage as the origin of Kimchi.

Ofood Kimchi Ramyun Surpasses 1 Million Units Sold in Canada
Ofood Kimchi Ramyun Surpasses 1 Million Units Sold in Canada

Since its launch in the Canadian market in October last year, ‘Real Kimchi Ramyun Noodle Soup’ has quickly gained traction, receiving strong positive responses from local consumers. Unlike conventional ramyun products that rely on dried flakes, Ofood Kimchi Ramyun uses real Kimchi from Korea’s No.1* Kimchi brand Jongga, delivering the authentic taste of traditional Korean Kimchi stew. This differentiated approach has contributed to its rapid market growth.

* NIELSEN KOREA 2007-2025 Kimchi Sales Volume & Value

Ofood Kimchi Ramyun is available in two varieties: ‘Real Kimchi Ramyun Noodle Soup’, featuring a spicy soup base, and ‘Real Fiery Kimchi Stir-fried Ramyun’, made with gochujang. Both products use fresh Kimchi instead of dried flakes, offering a crisp texture and deep fermented flavor. While balancing sourness and aroma, the products retain the signature spiciness of Korean ramyun, making them appealing to a wide range of consumers.

Active marketing efforts targeting local Gen Z consumers also contributed to the strong performance. Ofood enhanced brand awareness through outdoor advertising in major Canadian cities and digital campaigns on social media platforms such as Instagram and TikTok. In addition, large-scale sampling events held around major universities, including the University of Toronto, helped expand engagement with younger consumers familiar with Korean culture and bold flavors, leading to actual purchases.

Following strong sales performance, distribution expansion is also accelerating. In addition to existing retail channels such as Costco and Loblaws, Ofood Kimchi Ramyun is now available at FreshCo, where it is currently sold in approximately 70 stores across Canada, with plans to expand distribution to more than 150 locations nationwide in the second half of the year.

Seungin Jung, Head of Global Discovery BO at Daesang, said, “Ofood Kimchi Ramyun is rapidly gaining traction in the Canadian market as a product that allows consumers to enjoy the authentic taste of Korean Kimchi. We will continue to strengthen the presence of K-food in North America through marketing tailored to local consumer lifestyles and expanded distribution channels.”

Meanwhile, Ofood Kimchi Ramyun is also available through major online and offline channels in the United States, including Costco, Kroger, and Amazon, as Daesang continues to expand its global brand activities across the North American market.

About Daesang Corporation 

Founded in 1956, Daesang Corporation is one of the world’s largest producers of fermented food products, with decades of expertise in food manufacturing. The company has grown into a leading global Korean food company through internationally recognized brands such as Jongga and Ofood, offering a broad product portfolio that includes Kimchi, sauces, ready-to-eat meals, and more. Headquartered in South Korea, Daesang operates manufacturing subsidiaries in the United States, Poland, China, Indonesia, and Vietnam. For more information, visit www.daesang.com/en.

About Ofood

Ofood is a global Korean food brand serving up creative experiences and fresh inspiration, making Korean cuisine easy to enjoy anytime, anywhere. With its Korean Twist, Ofood is winning hearts and taste buds all around the world while reimagining Korean food for today’s consumers. With a diverse portfolio spanning sauces, seaweed, and ready-to-eat meals, Ofood exports its products to more than 80 countries, expanding everyday access to K-food for consumers worldwide. For more information, visit www.ofoodglobal.com/

Origin Agritech Launches Redesigned Corporate Website to Better Serve Partners, Customers, and Investors

Delivering an Enhanced Digital Experience Showcasing the Company’s Agricultural Biotechnology Leadership, Product Portfolio, and Investor Resources

BEIJING, April 14, 2026 /PRNewswire/ — Origin Agritech Ltd. (NASDAQ: SEED) (the “Company” or “Origin”), a leading Chinese agricultural technology company, today announced the launch of its newly redesigned corporate website, now live at https://originagritech.com. The redesigned site reflects the Company’s continued evolution as an innovator in seed technology. It is purpose-built to engage Origin Agritech’s global audience of partners, customers, investors, and other stakeholders.

The new website introduces a modern, mobile-responsive design with streamlined navigation, faster load times, and a refreshed visual identity that reinforces Origin Agritech’s brand as a pioneer in GMO phytase corn, proprietary hybrid seed varieties, and next-generation crop trait development. Content has been fully reorganized around the Company’s three core stakeholder audiences: commercial partners, agricultural customers, and the global investment community, making it easier for each group to access the information most relevant to them quickly.

Key features of the new originagritech.com include:

  • Expanded Company and Technology sections highlighting Origin Agritech’s R&D capabilities, biotechnology pipeline, and product portfolio, including its industry-leading work in transgenic traits and hybrid seed breeding.
  • A dedicated Investor Relations center offering centralized access to SEC filings, press releases, financial reports, earnings materials, stock information, and corporate governance documentation, enabling shareholders and analysts to track the Company’s progress.
  • Enhanced Newsroom and Media Resources, providing real-time updates on corporate developments, product announcements, and industry initiatives.
  • Partner and customer resources designed to support distributors, growers, and strategic collaborators with product information and direct engagement channels.
  • Improved accessibility and SEO architecture, ensuring the site performs strongly across devices, search engines, and international markets — reflecting Origin Agritech’s global footprint.

“Our new website is an important step in how we communicate our story to the world,” said Weibin Yan, Chief Executive Officer of Origin Agritech. “As we continue to advance our biotechnology platform and expand our commercial reach, it is essential that our digital presence reflects the quality, innovation, and transparency that define Origin Agritech. The new website gives our partners, customers, and investors a clearer, more engaging window into who we are, what we do, and where we are headed.”

The website redesign is part of a broader corporate communications initiative aimed at strengthening Origin Agritech’s engagement with the global capital markets and the international agricultural community. The Company invites stakeholders to visit https://originagritech.com to explore the new website.

About Origin Agritech Limited

Origin Agritech Limited, founded in 1997 and headquartered in Origin R&D Center, Songzhuang, Tongzhou in Beijing, is a leading Chinese agricultural technology company. In crop seed biotechnologies, Origin Agritech’s phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China’s Ministry of Agriculture. Over the years, Origin has established a robust biotechnology seed pipeline, including products with glyphosate tolerance and pest resistance (Bt) traits. For further information, please visit the Company’s website at www.originagritech.com. The Company also maintains an X account for updating investors on Company and industry developments which is https://x.com/origin_agritech.

For more information, please contact:

Origin Agritech Limited Contact:
Kate Lang (Mandarin/English)
Director of Investor Relations
Phone: +86 186-1839-3368
Email: bing.lang@originseed.com.cn

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

STAK Inc. Regains Compliance with Nasdaq Bid Price Requirement

CHANGZHOU, China, April 14, 2026 /PRNewswire/ — STAK Inc. (the “Company” or “STAK”) (Nasdaq: STAK), a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment, today announced that on April 13, 2026, the Company received a letter (the “Compliance Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). As a result, the matter has been closed.

As previously disclosed, on October 15, 2025, the Company received a notification letter from Nasdaq indicating that the closing bid price of the Company’s Class A ordinary shares had been below $1.00 per share for 30 consecutive business days. Nasdaq has since determined that, for the last 10 consecutive business days, from March 27, 2026 to April 10, 2026, the closing bid price of the Company’s Class A ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2).

With Nasdaq’s confirmation of compliance, STAK remains listed on The Nasdaq Capital Market under the ticker symbol “STAK”.

About STAK Inc.

STAK Inc. is a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specific production and maintenance equipment. The Company designs and manufactures oilfield-specialized production and maintenance equipment, then collaborates with qualified specialized vehicle manufacturing companies to integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles for sale. Additionally, the Company sells oilfield-specialized equipment components, related products, and provides automation solutions. Its vision is to help oilfield services companies reduce costs and increase efficiency by providing the cutting-edge integrated oilfield equipment and automation solutions service. Its mission is to become a powerful provider for the niche markets of specialized oilfield vehicles and equipment in China. For more information, please visit the Company’s website at https://www.stakindustry.com/ir/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

STAK Inc.
Investor Relations Department
Email: ir@stakindustry.com

Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com 

Hongkong Land and Gammon Construction bring CarbonCure Low‑Carbon Concrete to Hong Kong for the first time

  • Hongkong Land and Gammon Construction introduce CarbonCure’s CO₂ mineralisation technology in Tomorrow’s CENTRAL project, a first for Hong Kong.
  • Injecting captured CO₂ into concrete reduces cement use by up to 7%.
  • Supporting Hongkong Land’s goal of cutting Scope 3 carbon intensity 22% by 2030, positioning Tomorrow’s CENTRAL as a sustainability leader.
  • Buildings Department approval of the CarbonCure concrete mix sets the stage for wider industry adoption.
HONG KONG SAR – Media OutReach Newswire – 14 April 2026 – Hongkong Land and Gammon Construction have partnered to introduce CarbonCure to Hong Kong. Through this strategic collaboration, the companies are deploying the patented CO₂ mineralisation technology in Tomorrow’s CENTRAL project, marking its first use in Hong Kong. This alliance pioneers low-carbon building materials in the city and accelerates the wider industry’s transition.

(From left to right) Mr. Eddie Tse, Group Sustainability Manager, Gammon Construction; Ms. Ka Yan Chu, Assistant Technical Manager, Concrete Technology Services, Gammon Construction; Ms. Grace Lam, Senior Sustainability Manager, Hongko
(From left to right) Mr. Eddie Tse, Group Sustainability Manager, Gammon Construction; Ms. Ka Yan Chu, Assistant Technical Manager, Concrete Technology Services, Gammon Construction; Ms. Grace Lam, Senior Sustainability Manager, Hongko

Reducing cement‑related emissions without compromising performance

Embodied carbon accounted for 70% of Hongkong Land’s total carbon emissions in 2025, with industry research indicating that more than 80% of the embodied carbon in a typical new commercial building is associated with concrete, brick and steel. Cement production generates about 7% of global CO₂ emissions, more than three times that of civil aviation, making it a critical decarbonisation priority.
CarbonCure offers one of the most effective solutions, reducing cement content by 4–7% without compromising concrete quality or performance. The new technology injects captured CO₂ into fresh concrete during mixing, where it undergoes a chemical reaction to form a mineral, permanently trapping carbon within the material. When combined with a low-carbon concrete mix containing approximately 40% Ground Granulated Blast-Furnace Slag (GGBS), a 34% carbon emissions reduction is achieved compared to traditional non-green concrete.

Implementing this innovative technology supports Hongkong Land’s target of achieving a 22% reduction in Scope 3 carbon intensity by 2030. It also aligns with Tomorrow’s CENTRAL project’s sustainability objectives, including using 100% low carbon concrete, 100% green rebar, and 100% sustainable timber during construction, and to divert 75% of construction waste.

Tomorrow’s CENTRAL: a project with sustainability at its core

Tomorrow’s CENTRAL is Hongkong Land’s bold three-year plan to transform the LANDMARK retail portfolio. Announced in June 2024, the project is ambitious in its scope, encompassing extensive façade enhancements, retail renovations and office lift-lobby relocations From inception, sustainability has been the project’s guiding principle.
The CarbonCure concrete mix technology was deployed by Hongkong Land and Gammon in November 2025 after it was approved by the Buildings Department in September 2025 following a rigorous 18-month testing and preparation period.

Michael T. Smith, Group Chief Executive of Hongkong Land, said: “Sustainability is a key business priority for Hongkong Land. Using lower carbon concrete on Tomorrow’s CENTRAL helps to advance the goals of our Sustainability Framework 2030. As the first developer to apply this technology in Hong Kong’s premium commercial sector, we continue to demonstrate our commitment to innovation and encourage wider industry uptake.”

Eddie Tse, Group Sustainability Manager, Gammon Construction, said: “We are delighted to partner with Hongkong Land on Hong Kong’s first application of CarbonCure concrete. Their strong commitment to sustainability and openness to pioneering solutions have been instrumental in making this milestone possible. By permanently mineralising carbon within building materials and reducing cement use, lower carbon concrete represents a meaningful step forward in embodied‑carbon reduction. With this successful deployment, we look forward to extending similar innovations across the industry and collaborating with more clients to drive low‑carbon construction in Hong Kong.”

Hashtag: #HongkongLand

The issuer is solely responsible for the content of this announcement.

Hongkong Land

Hongkong Land is a major listed property development, investment and management group. It focuses on developing, owning and managing premium and ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. With over US$50 billion in assets under management, Hongkong Land’s ultra-premium mixed-use real estate footprint spans over 1.97 million sq. m. lettable area in operation and 1.43 million sq. m. lettable area under development, with flagship mixed-use projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. Established in 1889, Hongkong Land takes a long-term view, investing significantly alongside its capital partners and concentrating its portfolio where it can create the most value for tenants, customers and investors. Hongkong Land Holdings Limited has a primary listing on the London Stock Exchange, with secondary listings in Singapore and Bermuda. Hongkong Land is a member of the Jardine Matheson Group.

Circulating Supply of Enterprise Stablecoin USDGO Surpasses US$100 Million

  • USDGO hits US$100M circulating supply just two months after its launch, validating OSL Group’s proven ability to commercialize compliant stablecoins.
  • Goldman Sachs’ stablecoin reserve fund STBXX and BlackRock’s BUIDL fund serve as reserve assets for USDGO.
  • The “GO Alliance” rebrands and scales into the “Stable Alliance”, serving a broader range of enterprises and ecosystems within the stablecoin space.

HONG KONG, April 14, 2026 /PRNewswire/ — OSL Group (HKEX:863) (OSL), a global stablecoin payment and trading platform, today announced that the circulating supply of its compliant enterprise stablecoin USDGO has surpassed US$100 million, currently reaching US$130 million. This growth is accompanied by the addition of a Goldman Sachs-managed fund to its reserve assets. The achievement marks a pivotal moment in OSL’s compliant stablecoin strategy and underscores its prowess in operation, distribution, and ecosystem cultivation.

USDGO is a federally regulated stablecoin pegged 1:1 to the US Dollar. Under the GENIUS Act regulatory framework, it is backed 1:1 by high-quality liquid assets, including cash and short-term US Treasuries, and is subject to rigorous third-party audits. The stablecoin is issued by Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., with OSL serving as the brand operator and distributor.

Since its official launch on February 10, 2026, with an initial US$50 million in liquidity, USDGO saw its circulation crossed US$68 million within the first month and broke the US$100 million barrier just two months post-launch.

The reserve backing for USDGO has also diversified. In addition to high-quality liquidity held via BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), USDGO reserves now include the Goldman Sachs Stablecoin Reserves Fund (STBXX).

Kevin Cui, Executive Director and Chief Executive Officer of OSL Group, said:

“The fact that USDGO’s circulation has surpassed US$100 million, coupled with the inclusion of a Goldman Sachs-managed fund to bolster our reserve assets, serves as a strong market endorsement of OSL Group’s operational capabilities in the stablecoin space. Looking ahead, we will continue to invest in the ecosystem of compliant stablecoin payments and trading, further enhancing OSL’s strength in scaling commercial stablecoin solutions.”

Meanwhile, OSL has officially announced the upgrade of its previously launched GO Alliance into the Stable Alliance, a global industry consortium. As an inclusive coalition of diverse commercial institutions, the Stable Alliance is committed to fortifying the global stablecoin ecosystem. It aims to collaborate with industry leaders to unlock the value of compliant stablecoins, bridging on-chain liquidity with the real-world economy.

Since the launch of USDGO, OSL has continuously expanded its footprint across market access, compliant usage, functional support, while driving adoption through holder incentive programs. OSL has successfully built a comprehensive infrastructure ecosystem, integrating Banxa for compliant fiat-to-stablecoin on/off-ramps, OSL BizPay for one-stop cross-border settlements, and OSL StableHub as a global liquidity center. This comprehensive suite of solutions provides the market with deep liquidity and high efficiency, positioning USDGO as the essential “financial lifeblood” fueling the real-world economy.

Case study 1: optimizing cross-border payments and exotic currency settlement

In the cross-border payment sector, a global payment service provider has pioneered the integration of local African currency collections with USDGO via OSL BizPay and its partner network. This solution addresses traditional pain points—such as high FX risk, cross-timezone settlement gaps, and three-to-five day processing delays—by providing a definitive, real-time alternative. Leveraging USDGO’s instant clearing capabilities and fiat gateways, the firm can now process global remittances in exotic currencies instantly, significantly enhancing security and transparency for multinational capital flows.

Case study 2: enhancing institutional treasury and idle cash management

USDGO’s ecosystem has also drawn significant interest from asset managers. One institution successfully utilized USDGO to solve challenges surrounding idle positions and low capital efficiency for digital assets and USD balances. By tapping into OSL’s institutional-grade liquidity pools and regulated banking channels, the firm achieved zero-slippage conversions between digital assets and fiat. Operating under a strict federal regulatory and monthly audit framework, the institution not only maintained high liquidity but also boosted the efficiency and potential yield of its idle cash by three to five times, reaching an optimal asset allocation.

Through OSL’s compliant ecosystem and partner incentive programs, USDGO’s long-term vision is to help global enterprises move beyond fragmented payment systems. We aim to enable instant, compliant, and efficient cross-border capital flows, unlocking trapped corporate liquidity to maximize capital efficiency, optimize treasury management, and improve overall ROI.

About OSL Group

OSL Group (HKEX: 863) is a global stablecoin payment and trading platform that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Licensed, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide.

Disclaimer

This article is for informational purposes only and does not constitute, and shall not be construed as, an offer, solicitation, invitation, recommendation, or inducement to buy, sell, subscribe for, or otherwise deal in any digital assets, securities, or financial products. It does not constitute financial, investment, legal, tax, accounting, or other professional advice and should not be relied upon as such. The views, statements, and information contained herein do not necessarily reflect the official positions or commitments of OSL Group or any of its affiliates. Any descriptions of products, services, promotions, or programmes are for general reference only. Participation in any products, services, or promotions mentioned is subject to applicable terms, conditions, and regulatory requirements. This article may contain forward-looking statements or indicative information. Actual outcomes may differ materially, and OSL Group assumes no obligation to update such information.