neutral
Recently
Gold backed stablecoin debut marks Kyrgyzstan’s formal entry into digital finance
Kyrgyzstan has launched USDKG, a gold-backed stablecoin pegged to the dollar, while advancing plans for a second token tied to the national currency.
Kyrgyzstan has officially launched its first national stablecoin, USDKG, backed by physical gold, signalling a significant policy move toward state-supported digital assets. The announcement was made by during a session of the . Each USDKG token is pegged to one US dollar, with an initial supply of 50 million tokens. Authorities also outlined plans for a second stablecoin, KGST, linked to the Kyrgyz som, with efforts underway to list it on international exchanges by year end.