OSL Group and Reap Partner to Drive Real-World Stablecoin Payments Adoption

OSL Group and Reap have entered a strategic collaboration to integrate institutional stablecoin infrastructure with global card issuing, targeting the expansion of digital assets into everyday retail and corporate payments. By combining OSL’s liquidity and USDGO stablecoin with Reap’s Visa-backed card network, the partnership aims to bridge the gap between digital finance and real-world consumer spending.

What was announced

OSL and Reap are focusing on three primary areas: personal consumption, corporate expense management, and the emerging field of agentic payments. The partnership utilizes OSL’s position as a major stablecoin infrastructure provider—recorded as the world’s largest by B2B transaction volume in 2025—to provide the necessary liquidity and compliant cross-border networks. Central to this is USDGO, OSL’s US dollar enterprise stablecoin, which currently maintains a circulating supply of more than $1.2 billion.

Reap contributes its established card-issuing infrastructure to the venture. As a Visa Principal Member in Hong Kong and Mexico, Reap has already deployed stablecoin-linked credit card programs across more than 100 markets, including recent expansions into the EMEA and Africa regions. The collaboration intends to explore how stablecoins can be used for automated "agentic" payments, where AI agents handle financial transactions, alongside traditional business accounts and embedded finance solutions. By aligning OSL’s institutional-grade infrastructure with Reap’s consumer-facing payment products, the two companies are attempting to make digital assets a standard choice for cross-border and domestic transactions.

"Stablecoins are becoming the financial lifeblood of the future, and their true value will increasingly be realized in real-world application scenarios. We are thrilled to partner with Reap to explore innovative solutions built on stablecoin infrastructure and real-world use cases. By bringing superior products to our clients, we aim to make compliant stablecoins and other digital assets the natural choice for everyday consumption and payments."

Kevin Cui, Executive Director and CEO of OSL Group

The companies involved

OSL Group, listed on the Hong Kong Stock Exchange (HKEX: 863), operates as a global stablecoin infrastructure company. It has established itself as a key player in the digital asset ecosystem, particularly through its USDGO stablecoin, which ranks as the sixth-largest compliant US dollar stablecoin globally. The firm focuses on providing the underlying liquidity and compliant frameworks required for institutional-grade cross-border payments. Reap is a global fintech platform specializing in cards and payments, with a significant presence in Hong Kong and Mexico where it holds Visa Principal Member status. The company is a subsidiary of the major cryptocurrency exchange Kraken, positioning it at the intersection of traditional finance and the digital asset market. Reap’s product suite includes stablecoin-linked corporate cards, business accounts, and embedded finance tools designed to facilitate the movement of funds across international borders. The firm has been particularly active in scaling its infrastructure to support stablecoin spending in over 100 markets, leveraging its relationship with Visa to ensure regulatory compliance across diverse jurisdictions including EMEA and Africa.

What FF News has reported before

FF News has closely followed Reap’s rapid expansion in the stablecoin and AI-driven commerce sectors. In September 2026, we covered how Reap and Visa Launch Global Stablecoin Card Programs Across 100+ Markets, a move that set the stage for its current infrastructure capabilities. This was followed by a partnership with Collinson International to provide Priority Pass Lounge Access to Stablecoin Cardholders. More recently, Reap has pivoted toward "agentic" commerce, collaborating with Animoca Brands to Animoca Brands Partners with Reap and Pivota to Launch Identity-Powered AI Agentic Commerce and working with EveLab Insight to Reap, EveLab Insight, and Pivota Partner to Launch AI-Driven Agentic Beauty Shopping.

What this means

This collaboration signals a shift in the stablecoin market from speculative holding to functional utility. By linking OSL’s $1.2 billion USDGO supply directly to Reap’s global Visa network, the industry is moving closer to a reality where digital assets are indistinguishable from fiat in daily commerce. The focus on "agentic payments" is particularly noteworthy, as it suggests the next competitive frontier for fintechs will be enabling autonomous AI systems to execute transactions. Traditional payment processors are under increasing pressure to integrate these compliant digital rails or risk losing volume to vertically integrated crypto-native infrastructures that offer faster, cheaper cross-border settlement.