Binance’s CZ Pushes Kyrgyzstan to Hoard Bitcoin and BNB as National Crypto Reserves

Binance founder Changpeng Zhao makes a bold play—urging Kyrgyzstan to stockpile Bitcoin and BNB as part of its national crypto strategy. Because nothing says ’financial sovereignty’ like betting on volatile assets while traditional banks clutch their pearls.

The move could position Kyrgyzstan as a crypto-forward nation—or just another cautionary tale in the wild west of digital finance. Either way, CZ’s pitch is classic crypto: high risk, high reward, and zero regard for the old guard’s rulebook.

Kyrgyzstan’s gold-backed stablecoin

In parallel development, Coindesk reported that Kyrgyzstan is preparing to launch its gold-backed stablecoin pegged to the US dollar.

The new token, USDKG, is scheduled for release in the third quarter of 2025. The asset would initially be backed by $500 million in gold from the Ministry of Finance. However, the reserve is expected to grow to as much as $2 billion.

USDKG will maintain a fixed 1:1 value with the US dollar, unlike gold-pegged tokens that track market prices. This means the gold reserves will serve as collateral, helping stabilize the token while ensuring liquidity.

Meanwhile, officials reportedly said USDKG will be overcollateralized to manage potential gold price fluctuations.

The token holders will be able to redeem it for physical gold, other cryptocurrencies, or fiat currency, making it suitable for cross-border transactions and long-term value storage