OSL's StableHub Records Over US$200 Million in USDC Deposits in Four Months

Enterprises and institutions across Asia-Pacific have long had to piece together offshore trading venues with separate payment rails to access USDC, even when their treasury and settlement operations — or their counterparties — already use USDC.

Built on OSL's regulatory foundation, StableHub was designed to solve that problem: USDC was among the first stablecoins supported, allowing eligible clients to exchange USDC and USD on a 1:1 basis, subject to applicable limits. Instead of routing clients through multiple venues to source liquidity, eligible clients can consolidate USDC access, exchange, custody, and settlement through StableHub.

Beyond the mechanics of incorporating USDC into StableHub, the collaboration included technical support and strategic input around foreign exchange, custody, and cross-border payments. That broader collaboration helped OSL envision StableHub as more than a trading venue, positioning it as a stablecoin distribution and settlement hub.

Jason Liu, Head of Stablecoin at OSL Group, said, "Circle brought both technical support and strategic input to the USDC integration, including working with us on cross-border payment solutions. With StableHub, we gave clients a single channel to access USDC. Circle's USDC is now a core pillar of our platform, providing benchmark dollar liquidity across trading and payments."

Looking ahead, OSL views StableHub as a model for how regulated distribution, liquidity, and settlement can be combined into a single compliant counterparty for APAC’s burgeoning digital dollar market.