Kyrgyzstan Bets on Gold-Backed Crypto: USDKG Stablecoin Launches Q3
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Central Asia’s crypto play heats up as Kyrgyzstan unveils USDKG—a dollar-pegged stablecoin backed by physical gold reserves. Move over Tether, there’s a new sheriff in town.
The National Bank claims this hybrid approach offers ’double stability’—fiat peg meets hard asset backing. Because clearly, unbacked stablecoins worked so well in 2022.
Launch targets remittance corridors and cross-border trade. Because when your national currency’s volatility rivals a crypto chart, why not embrace the chaos with extra steps?
Gold bugs meet DeFi degens—place your bets on whether this becomes Central Asia’s digital dollar alternative or just another government blockchain experiment collecting dust.
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