Binance has entered into a strategic partnership with Kyrgyzstan to advance the country's digital asset sector.
The collaboration includes the introduction of crypto payment solutions through Binance Pay and the launch of blockchain education initiatives via Binance Academy.
Binance founder Changpeng Zhao (CZ) has joined Kyrgyzstan's National Crypto Committee and proposed the use of Binance Coin (BNB) and Bitcoin (BTC) as part of the country's national crypto reserve.
Additionally, Kyrgyzstan plans to launch a gold-backed stablecoin called the "Gold Dollar" (USDKG) in the third quarter, supported by $500 million in gold reserves.
This partnership aims to foster a sustainable crypto ecosystem and digital finance education in Central Asia.
