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Kyrgyzstan Launches Gold-Backed Stablecoin USDKG to Modernize Finance

Kyrgyzstan Launches Gold-Backed Stablecoin USDKG to Modernize Finance

Author:

Global Cryptocurrency

Published:

2025-11-20 21:11:01

24

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BTCCSquare news:

Kyrgyzstan has entered the digital asset arena with the launch of USDKG, a gold-backed stablecoin pegged 1:1 to the US dollar. The 50 million USD issuance marks a strategic push to modernize cross-border payments and solidify the country's position in blockchain-based finance.

President Sadyr Japarov and Finance Minister Almaz Baketaev presided over the historic launch, which leverages physical gold reserves for collateralization. The MOVE signals Central Asia's growing embrace of asset-backed digital currencies as tools for trade efficiency and monetary innovation.

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