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Kyrgyzstan to Launch Gold-Backed USDKG Stablecoin in 2025
Kyrgyzstan to Launch Gold-Backed USDKG Stablecoin in 2025
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Kyrgyzstan’s Ministry of Finance has unveiled plans to launch USDKG, a gold-backed stablecoin pegged 1:1 to the U.S. dollar, by Q3 2025. The initial $500 million gold reserve backing will expand to $2 billion, positioning the digital asset as a cornerstone for regional trade facilitation.
The stablecoin targets cross-border transactions across Central Asia, with officials highlighting its potential to strengthen Kyrgyzstan’s financial infrastructure and international market presence. Unlike algorithmic stablecoins, USDKG’s physical gold reserves aim to provide inherent price stability amid volatile crypto markets.
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