Kyrgyzstan Plans Gold-Backed Stablecoin Backed by $500M Reserves
Kyrgyzstan is preparing to launch its gold-backed stablecoin, the “Gold Dollar” (USDKG), in Q3 2025. Pegged to the U.S. dollar, it will initially be backed by $500 million in gold reserves held by the Ministry of Finance, with plans to expand reserves to $2 billion. This initiative reflects Kyrgyzstan’s major step toward merging traditional assets with blockchain-powered digital financial