Stablecoin Settlement Partnership

OSL Group Partners With Waka To Power Stablecoin Settlement In Emerging Markets

OSL Group (HKEX:863) has partnered with Waka, a global stablecoin payment and trading platform, to integrate stablecoin-to-USD fiat conversion and USD payout capability into Waka's settlement infrastructure. The partnership broadens OSL's stablecoin ecosystem across emerging markets, particularly in Africa-Global trade corridors. The collaboration aims to bring regulated USD liquidity to trade corridors long neglected by traditional banking rails. The companies are exploring additional use cases across African markets and cross-border settlement. According to a recent EY-Parthenon survey, 41% of organizations that have used stablecoins report cost savings of greater than 10%, driven primarily by efficiencies in cross-board payments.