Audit log

Every state-changing event for USDGO: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-07-22 17:06:48Z
   Score: ? → ? (no score change)
   anchorpending

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   HK9bzHYB2hRo…oVj9uqCBcopysha256 → base58

   verifying row…

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   {"actor":"system:backfill","investigation_id":"b5efeb83-9597-48f8-8e97-837e0ec342b9","kind":"publish","page_slug":"usdgo","published_at":"2026-07-22T17:06:48.271Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"USDGO","sections":[{"content":"USDGO is issued by Anchorage Digital Bank, National Association, a federally chartered bank supervised by the Office of the Comptroller of the Currency (OCC). Anchorage Digital received its OCC charter in January 2021 and describes itself as the first and only crypto-native institution to hold a U.S. federal bank charter. OSL Group (HKEX: 863.HK), formerly BC Technology Group, serves as the brand operator and primary distributor. OSL Digital Securities Limited, a subsidiary of OSL Group, holds Type 1 and Type 7 licenses from Hong Kong's Securities and Futures Commission (SFC), making it the first SFC-licensed virtual asset trading platform in Hong Kong. U.S. Bank was selected to provide custody services for the reserves backing USDGO, adding an additional regulated institutional layer to the structure.","heading":"Issuer and Distributor","severity":"low","sources":[{"credibility":1,"name":"Anchorage Digital — First Federally Chartered Stablecoin Issuer Following GENIUS Act","type":"official","url":"https://www.anchorage.com/insights/anchorage-digital-bank-first-federally-chartered-stablecoin-issuer-following-genius-act"},{"credibility":1,"name":"Anchorage Digital to Serve as Issuer for OSL's USDGO","type":"official","url":"https://www.anchorage.com/insights/anchorage-digital-serve-issuer-osls-new-us-regulated-stablecoin-usdgo"},{"credibility":1,"name":"OSL Receives SFC License — World's First SFC-Licensed Digital Asset Platform","type":"official","url":"https://www.prnewswire.com/news-releases/osl-receives-license-from-hong-kong-regulator-becomes-worlds-first-sfc-licensed-listed-insured--big-4-audited-digital-asset-trading-platform-301193081.html"},{"credibility":1,"name":"U.S. Bank to Provide Reserve Custody for Anchorage Digital Stablecoins","type":"official","url":"https://www.usbank.com/about-us-bank/news-and-stories/article-library/us-bank-to-provide-custody-services-for-reserves-backing-payment-stablecoins-from-anchorage-digital.html"}]},{"content":"USDGO is pegged 1:1 to the U.S. dollar and is stated to be fully backed by high-quality liquid assets including cash and short-term U.S. Treasuries. Reserve assets are held via tokenized money-market funds from BlackRock (BUIDL), Goldman Sachs (STBXX), and JPMorgan, which the issuer describes as providing security and diversification. The token is deployed on the Solana blockchain with the contract address 72puLt71H93Z9CzHuBRTwFpL4TG3WZUhnoCC7p8gxigu. OSL has stated plans for multi-chain expansion. Reserve holdings are disclosed monthly through attestation reports prepared by a Big Four accounting firm in accordance with AICPA attestation standards; these reports are published on Anchorage Digital's transparency page. USDGO holdings are explicitly not FDIC or SIPC insured.","heading":"Token Structure and Reserve Backing","severity":"low","sources":[{"credibility":1,"name":"USDGO Reserve Attestations — Anchorage Digital Transparency Page","type":"official","url":"https://www.anchorage.com/platform/usdgo-reserve-attestations"},{"credibility":2,"name":"Circulating Supply Surpasses $1 Billion — GlobeNewswire","type":"news_article","url":"https://www.globenewswire.com/news-release/2026/07/20/3329552/0/en/Circulating-Supply-of-Enterprise-Stablecoin-USDGO-Surpasses-US-1-Billion-Ranking-Among-Top-Six-Regulated-Stablecoins-Globally.html"},{"credibility":2,"name":"What Is USDGO — KuCoin","type":"other","url":"https://www.kucoin.com/blog/what-is-usdgo-osl-anchorage-digital-stablecoin"}]},{"content":"USDGO is positioned by its issuers as compliant with the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, signed into law in the United States on July 18, 2025. The GENIUS Act establishes the first comprehensive federal regulatory framework for payment stablecoins, requiring issuers to maintain 1:1 reserve backing, adopt AML/KYC programs, and publish monthly reserve attestations. Anchorage Digital Bank operates under direct OCC supervision, fulfilling the federal issuer requirement of the Act. The Federal Deposit Insurance Corporation (FDIC) and OCC have both issued proposed rules to implement GENIUS Act requirements as of April 2026. USDGO is distributed in Hong Kong exclusively via OSL Digital Securities Limited under SFC licensing. The stablecoin incorporates embedded KYC and AML checks, restricting issuance and redemption to verified institutional and professional participants.","heading":"Regulatory Framework","severity":"low","sources":[{"credibility":1,"name":"GENIUS Act Regulations — OCC Notice of Proposed Rulemaking","type":"regulatory","url":"https://www.occ.gov/news-issuances/bulletins/2026/bulletin-2026-3.html"},{"credibility":1,"name":"FDIC Notice of Proposed Rulemaking on GENIUS Act","type":"regulatory","url":"https://www.fdic.gov/news/financial-institution-letters/2026/notice-proposed-rulemaking-establish-genius-act"},{"credibility":2,"name":"CoinDesk — OSL Group to Launch U.S.-Regulated Stablecoin with Anchorage Digital","type":"news_article","url":"https://www.coindesk.com/business/2025/12/11/hong-kong-s-osl-group-to-launch-u-s-regulated-stablecoin-with-anchorage-digital"}]},{"content":"USDGO launched with an initial mint of $50 million on Solana in February 2026. As of July 20, 2026, circulating supply had surpassed $1 billion, with CoinGecko reporting a market capitalization of approximately $878 million and 24-hour trading volume of approximately $8.6 million as of late July 2026. OSL Group states that USDGO ranks among the top six regulated stablecoins globally by circulating supply. The token is listed on exchanges including KuCoin, Bitget (listed March 4, 2026, with USDGO/USDT and USDGO/USDC pairs), WEEX (deposits opened June 2, 2026; trading June 3, 2026), and traded on OSL's own platform. No Binance listing was confirmed as of the investigation date. The stablecoin has an all-time high of $1.00 and an all-time low of $0.9983, reflecting stable peg performance to date.","heading":"Market Activity and Exchange Listings","severity":"low","sources":[{"credibility":2,"name":"USDGO — CoinGecko Market Data","type":"other","url":"https://www.coingecko.com/en/coins/usdgo"},{"credibility":2,"name":"Bitget Lists USDGO Stablecoin in Innovation Zone","type":"news_article","url":"https://www.bitget.com/blog/articles/bitget-usdgo-stablecoin-listing"},{"credibility":2,"name":"Circulating Supply Surpasses $1 Billion — GlobeNewswire","type":"news_article","url":"https://www.globenewswire.com/news-release/2026/07/20/3329552/0/en/Circulating-Supply-of-Enterprise-Stablecoin-USDGO-Surpasses-US-1-Billion-Ranking-Among-Top-Six-Regulated-Stablecoins-Globally.html"},{"credibility":2,"name":"OSL Group Officially Launches USDGO — PR Newswire","type":"official","url":"https://www.prnewswire.com/apac/news-releases/osl-group-officially-launches-regulated-enterprise-stablecoin-usdgo-302683188.html"}]},{"content":"Several structural and market risks are relevant to USDGO. First, reserve concentration: although reserves are diversified across BlackRock BUIDL, Goldman Sachs STBXX, and JPMorgan tokenized funds, these are all correlated institutional money-market instruments that may face simultaneous stress in extreme liquidity events. Second, redemption access: USDGO is designed for institutional and enterprise use with embedded KYC/AML requirements; retail users face restricted or indirect access, and redemption may depend on platform eligibility and geographic jurisdiction. Third, Solana blockchain risk: the token is currently deployed only on Solana; network outages or congestion (Solana has experienced multiple historical outages) could impair transfers. Fourth, regulatory implementation risk: the GENIUS Act framework is still in a proposed rulemaking phase as of mid-2026, and future regulatory adjustments could impose additional requirements or restrictions on USDGO issuance and distribution. Fifth, liquidity risk: with approximately $8.6 million in 24-hour trading volume against a $878 million market cap, USDGO's on-exchange liquidity is relatively thin compared to dominant stablecoins such as USDC or USDT. Holdings are explicitly not FDIC or SIPC insured per issuer disclosures.","heading":"Risk Factors","severity":"medium","sources":[{"credibility":1,"name":"Anchorage Digital Issuer Announcement — Risk Disclosure","type":"official","url":"https://www.anchorage.com/insights/anchorage-digital-serve-issuer-osls-new-us-regulated-stablecoin-usdgo"},{"credibility":2,"name":"USDGO Risk Profile — Pharos Watch","type":"research","url":"https://pharos.watch/stablecoin/usdgo-osl/"},{"credibility":2,"name":"USDGO — CoinGecko Market Data","type":"other","url":"https://www.coingecko.com/en/coins/usdgo"}]},{"content":"No fraud allegations, regulatory enforcement actions, SEC or CFTC filings, court proceedings, or criminal referrals have been identified against Anchorage Digital Bank or OSL Group in connection with USDGO as of the investigation date. OSL Group has publicly warned users about third-party impersonation scams targeting its brand and personnel on social media channels; these are external fraud attempts against the company, not actions by the company. OSL Group's parent (formerly BC Technology Group) denied reports in 2023 that it was selling OSL; the company's stock declined on those reports but no regulatory action resulted. The Block reported the official USDGO launch without noting any enforcement concerns.","heading":"Fraud and Enforcement History","severity":"low","sources":[{"credibility":2,"name":"OSL Clarification Statement on Fraud Impersonation","type":"official","url":"https://osl.com/en/press-release/clarification-statement/"},{"credibility":2,"name":"BC Technology Denies OSL Sale Reports — South China Morning Post","type":"news_article","url":"https://www.scmp.com/tech/policy/article/3238276/bc-technology-denies-it-selling-osl-crypto-exchange-stock-plummets-amid-challenges-hong-kong"},{"credibility":2,"name":"OSL Group Officially Launches USDGO — The Block","type":"news_article","url":"https://www.theblock.co/post/389207/osl-group-officially-launches-regulated-enterprise-stablecoin-usdgo"}]}],"sources_used":[{"credibility":2,"name":"USDGO — CoinGecko Market Data","type":"other","url":"https://www.coingecko.com/en/coins/usdgo"},{"credibility":2,"name":"Circulating Supply Surpasses $1 Billion — GlobeNewswire","type":"news_article","url":"https://www.globenewswire.com/news-release/2026/07/20/3329552/0/en/Circulating-Supply-of-Enterprise-Stablecoin-USDGO-Surpasses-US-1-Billion-Ranking-Among-Top-Six-Regulated-Stablecoins-Globally.html"},{"credibility":2,"name":"Circulating Supply Surpasses $500 Million — GlobeNewswire","type":"news_article","url":"https://www.globenewswire.com/news-release/2026/06/16/3312564/0/en/circulating-supply-of-enterprise-stablecoin-usdgo-surpasses-us-500-million-as-liquidity-deepens-and-ecosystem-expands.html"},{"credibility":2,"name":"Circulating Supply Surpasses $100 Million — PR Newswire","type":"news_article","url":"https://www.prnewswire.com/apac/news-releases/circulating-supply-of-enterprise-stablecoin-usdgo-surpasses-us100-million-302741627.html"},{"credibility":2,"name":"OSL Group Officially Launches USDGO — PR Newswire","type":"official","url":"https://www.prnewswire.com/apac/news-releases/osl-group-officially-launches-regulated-enterprise-stablecoin-usdgo-302683188.html"},{"credibility":1,"name":"Anchorage Digital — USDGO Issuer Announcement","type":"official","url":"https://www.anchorage.com/insights/anchorage-digital-serve-issuer-osls-new-us-regulated-stablecoin-usdgo"},{"credibility":1,"name":"Anchorage Digital — First Federally Chartered Stablecoin Issuer","type":"official","url":"https://www.anchorage.com/insights/anchorage-digital-bank-first-federally-chartered-stablecoin-issuer-following-genius-act"},{"credibility":1,"name":"USDGO Reserve Attestations — Anchorage Digital","type":"official","url":"https://www.anchorage.com/platform/usdgo-reserve-attestations"},{"credibility":2,"name":"CoinDesk — OSL Group to Launch U.S.-Regulated Stablecoin with Anchorage Digital","type":"news_article","url":"https://www.coindesk.com/business/2025/12/11/hong-kong-s-osl-group-to-launch-u-s-regulated-stablecoin-with-anchorage-digital"},{"credibility":2,"name":"The Block — OSL Group Officially Launches USDGO","type":"news_article","url":"https://www.theblock.co/post/389207/osl-group-officially-launches-regulated-enterprise-stablecoin-usdgo"},{"credibility":2,"name":"OSL Unveils USDGO — OSL Official Press Release","type":"official","url":"https://www.osl.com/hk-en/press-release/osl-group-unveils-usdgo-stablecoin-to-strengthen-global-compliant-payment-network"},{"credibility":1,"name":"U.S. Bank Reserve Custody for Anchorage Digital Stablecoins","type":"official","url":"https://www.usbank.com/about-us-bank/news-and-stories/article-library/us-bank-to-provide-custody-services-for-reserves-backing-payment-stablecoins-from-anchorage-digital.html"},{"credibility":1,"name":"OCC GENIUS Act Proposed Rulemaking","type":"regulatory","url":"https://www.occ.gov/news-issuances/bulletins/2026/bulletin-2026-3.html"},{"credibility":1,"name":"FDIC GENIUS Act Notice of Proposed Rulemaking","type":"regulatory","url":"https://www.fdic.gov/news/financial-institution-letters/2026/notice-proposed-rulemaking-establish-genius-act"},{"credibility":2,"name":"Bitget Lists USDGO Stablecoin","type":"news_article","url":"https://www.bitget.com/blog/articles/bitget-usdgo-stablecoin-listing"},{"credibility":1,"name":"OSL SFC License — PR Newswire","type":"official","url":"https://www.prnewswire.com/news-releases/osl-receives-license-from-hong-kong-regulator-becomes-worlds-first-sfc-licensed-listed-insured--big-4-audited-digital-asset-trading-platform-301193081.html"},{"credibility":2,"name":"OSL Clarification on Impersonation Fraud","type":"official","url":"https://osl.com/en/press-release/clarification-statement/"},{"credibility":2,"name":"BC Technology Denies OSL Sale — South China Morning Post","type":"news_article","url":"https://www.scmp.com/tech/policy/article/3238276/bc-technology-denies-it-selling-osl-crypto-exchange-stock-plummets-amid-challenges-hong-kong"},{"credibility":2,"name":"USDGO Risk Profile — Pharos Watch","type":"research","url":"https://pharos.watch/stablecoin/usdgo-osl/"},{"credibility":2,"name":"What Is USDGO — KuCoin","type":"other","url":"https://www.kucoin.com/blog/what-is-usdgo-osl-anchorage-digital-stablecoin"}],"summary":"USDGO is a USD-pegged enterprise stablecoin launched in February 2026, issued by Anchorage Digital Bank N.A. (the first federally chartered crypto bank in the United States) and branded and distributed by Hong Kong-listed OSL Group. As of July 2026 its circulating supply surpassed $1 billion, placing it among the top six regulated stablecoins globally. No fraud allegations, regulatory actions, or enforcement proceedings have been identified against the issuer or distributor in connection with USDGO.","timeline":[{"date":"2025-12-11","event":"OSL Group announces USDGO stablecoin in partnership with Anchorage Digital, targeting Q1 2026 launch.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2025/12/11/hong-kong-s-osl-group-to-launch-u-s-regulated-stablecoin-with-anchorage-digital"},{"date":"2026-02-09","event":"USDGO officially launches with initial $50 million mint deployed on Solana blockchain.","source":"National Today / PR Newswire","source_url":"https://www.prnewswire.com/apac/news-releases/osl-group-officially-launches-regulated-enterprise-stablecoin-usdgo-302683188.html"},{"date":"2026-03-04","event":"Bitget lists USDGO in its Innovation Zone with USDGO/USDT and USDGO/USDC trading pairs.","source":"Bitget Blog","source_url":"https://www.bitget.com/blog/articles/bitget-usdgo-stablecoin-listing"},{"date":"2026-04-14","event":"USDGO circulating supply surpasses $100 million, reaching $130 million approximately two months post-launch.","source":"PR Newswire","source_url":"https://www.prnewswire.com/apac/news-releases/circulating-supply-of-enterprise-stablecoin-usdgo-surpasses-us100-million-302741627.html"},{"date":"2026-06-02","event":"WEEX exchange opens USDGO deposits; trading and withdrawals follow on June 3 and June 4 respectively.","source":"WEEX Crypto Wiki","source_url":"https://www.weex.com/wiki/article/what-is-usdgousdgo-coin-comprehensive-guide-how-to-buy-price-forecast-and-what-should-you-do-adf13iod70hjmw6ea3gabre0"},{"date":"2026-06-16","event":"USDGO circulating supply surpasses $500 million, approximately four months after launch.","source":"GlobeNewswire","source_url":"https://www.globenewswire.com/news-release/2026/06/16/3312564/0/en/circulating-supply-of-enterprise-stablecoin-usdgo-surpasses-us-500-million-as-liquidity-deepens-and-ecosystem-expands.html"},{"date":"2026-07-20","event":"USDGO circulating supply surpasses $1 billion, placing it among the top six regulated stablecoins globally.","source":"GlobeNewswire","source_url":"https://www.globenewswire.com/news-release/2026/07/20/3329552/0/en/Circulating-Supply-of-Enterprise-Stablecoin-USDGO-Surpasses-US-1-Billion-Ranking-Among-Top-Six-Regulated-Stablecoins-Globally.html"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision bf661cdc-73ab-450d-86b1-babae576d20ccopy