Kyrgyzstan to Launch Gold-Backed Stablecoin Backed by $500M in Reserves
Kyrgyzstan is preparing to introduce a gold-backed stablecoin, the "Gold Dollar" (USDKG), in Q3 2025. Pegged to the U.S. dollar, the digital asset will be initially supported by $500 million in gold reserves from the Ministry of Finance, with plans to expand backing to $2 billion.
The initiative represents a strategic fusion of traditional reserve assets and blockchain innovation. By leveraging gold reserves, Kyrgyzstan aims to create a stable digital currency that bridges physical wealth and decentralized finance.
This development signals growing institutional recognition of blockchain’s role in modern finance. The gold-backed approach offers a conservative entry point for traditional investors while maintaining cryptocurrency’s technological advantages.
