Kyrgyzstan Launches Gold-Backed Stablecoin USDKG with $50M Initial Valuation

Kyrgyzstan has entered the digital finance arena with the launch of USDKG, a national stablecoin initially valued at $50 million. The token is pegged 1:1 to the US dollar but uniquely backed by the country's physical Gold reserves, held under state control. Registered on November 6, USDKG marks Kyrgyzstan as a pioneer in government-backed digital assets.

The Ministry of Finance describes USDKG as the world's first state-issued, gold-collateralized stablecoin. While maintaining a dollar peg, its intrinsic value derives from audited national gold reserves. The project aims to modernize financial infrastructure and strengthen economic sovereignty, with particular focus on streamlining remittance flows.

USDKG will be listed on both centralized and decentralized exchanges to facilitate global circulation. This MOVE positions Kyrgyzstan at the forefront of national digital asset adoption, blending traditional reserve assets with blockchain innovation.