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Kyrgyzstan Announces Gold-Backed Stablecoin USDKG with $2B Reserve Target
Kyrgyzstan Announces Gold-Backed Stablecoin USDKG with $2B Reserve Target
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Kyrgyzstan is positioning itself as a digital finance innovator in Central Asia with the planned launch of USDKG, a gold-backed stablecoin pegged to the U.S. dollar. The Ministry of Finance will initially support the token with $500 million in gold reserves, aiming to expand holdings to $2 billion.
Project advisor Gabriel Guerra revealed the initiative at Token2049, noting the stablecoin’s dual appeal: gold’s stability paired with blockchain’s accessibility. The Gold Dollar (USDKG) is slated for release in Q3 2025.
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