Kyrgyzstan announced the launch of the USDKG stablecoin, backed by gold and pegged to the US dollar, in the third quarter of 2025. This was stated by the project's consultant, Gabriel Guerra, at the Token2049 conference in Dubai, as reported by users on the X platform. The project is being implemented with the support of the country's Ministry of Finance, which will allocate $500 million in gold as an initial reserve. In the future, the collateral volume is planned to be increased to $2 billion.
USDKG is intended for cross-border transfers in Central Asia, which could simplify financial operations in the region. The initiative has attracted interest from the crypto community: for example, Binance CEO Changpeng Zhao advised the authorities of Kyrgyzstan to include BNB and BTC in the national crypto reserve. This could be an important step for the integration of cryptocurrencies into the country's financial system.
Experts believe that a gold-backed stablecoin could become a stable tool for the region, although its success will depend on the transparency of reserves and regulatory support. Stay tuned for news about USDKG!
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