Deployments · Anchorage Digital stablecoin issuance · platform by Anchorage Digital

USDGO stablecoinUpdated 7 Nov 2026

A dollar stablecoin issued by Anchorage Digital Bank, a US federally chartered crypto bank, and branded and distributed by Hong Kong's OSL Group for enterprise payments. Unveiled in December 2025 with Solana as the first chain and reserves in Treasuries and other liquid assets, it is designed to meet GENIUS Act standards. About $1.3 billion was outstanding in October 2026, almost all on Solana.

Live (limited) since Feb 2026^[1][3]i — Enterprise-focused; OSL says it officially launched in February 2026. · Reviewed 25d ago i

Assets

Stablecoin^[2]

US dollar stablecoin backed one for one by Treasuries and other high-quality liquid assets

Networks

Solana Public, permissionless^[3]

Use cases i

Primary issuance^[3]Cross-border payments^[2]

Jurisdictions

United States, Hong Kong

Participants

• Anchorage DigitalPlatform provider, Issuer^[2]United States
• OSL GroupOperator, Distributor^[2]Hong Kong
• DeloitteAuditor or reserve attestor^[4][5]United Kingdom
• BlackRockAsset manager^[4][1]United States
• Goldman SachsAsset manager^[1]United States
• J.P. MorganAsset manager^[1]United States
• BanxaDistributor^[1]Australia
• FireblocksTechnology provider^[1]United States

Likely relevant regulation i

• Hong Kong Stablecoins Ordinance (Cap. 656)Hong Kong
• US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activitiesUnited States
• GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act)United States

Assets

• IssuesUSDGO (USDGO)^[2]
• Holds as reserveJPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX)^[1]Added to the reserves by June 2026.
• Holds as reserveBlackRock USD Institutional Digital Liquidity Fund (BUIDL)^[1]Goldman Sachs' STBXX is also named as a reserve asset; no asset record for it yet.

Metrics i

• over $500mTokens in circulation · as of Jun 2026context^[1]
  Gross supply, shown not counted: 63% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-08-31).
• ~$314.85mTokens in circulation (counted part) · as of Jun 2026^[1]
  63% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-08-31, source anchorage-usdgo-aug-2026).
• ~$1.29bnTokens in circulation · as of 11 Oct 2026context^[3]
  On-chain via DefiLlama; sum of its per-chain balances. Gross supply, shown not counted: 63% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-08-31).
• ~$815.12mTokens in circulation (counted part) · as of 11 Oct 2026^[3]
  63% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-08-31, source anchorage-usdgo-aug-2026).
• ~$1.29bnTokens in circulation · as of 11 Oct 2026 · on Solanacontext^[3]
  On-chain via DefiLlama. Gross supply, shown not counted: 63% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-08-31).
• ~$815.11mTokens in circulation (counted part) · as of 11 Oct 2026 · on Solana^[3]
  63% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-08-31, source anchorage-usdgo-aug-2026).
• ~$1.14bnSupply on chain (daily) · as of 7 Nov 2026context^[6]
  Automated daily reading of on-chain supply across all chains. Gross supply, shown not counted: 63% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-08-31).
• ~$715.07mSupply on chain (daily) (counted part) · as of 7 Nov 2026^[6]
  63% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-08-31, source anchorage-usdgo-aug-2026).
• ~$1.12bnSupply on chain (daily) · as of 7 Nov 2026 · on Solanacontext^[6]
  Automated daily reading. Gross supply, shown not counted: 63% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-08-31).
• ~$704.59mSupply on chain (daily) (counted part) · as of 7 Nov 2026 · on Solana^[6]
  63% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-08-31, source anchorage-usdgo-aug-2026).

Timeline

1. Happened 11 Oct 2026 · Status change · recorded 11 Oct 2026
   About $1.3 billion outstanding on Solana per on-chain data.^[3]
2. Happened 16 Jun 2026 · Volume milestone · recorded 14 Oct 2026
   Circulating supply passes $500 million; J.P. Morgan's JLTXX added to the reserve assets alongside BlackRock's BUIDL and Goldman Sachs' STBXX.^[1]
3. Happened Feb 2026 (month only) · Launch · recorded 14 Oct 2026
   OSL says USDGO officially launched in February 2026; it passed $100 million in circulation about two months later.^[1]
4. Happened 11 Dec 2025 · Announcement · recorded 11 Oct 2026
   OSL unveils USDGO, issued by Anchorage Digital Bank, with Solana as the first chain and launch planned by Q1 2026.^[2]

Sources i