Kyrgyzstan to Launch Gold-Backed, Dollar-Pegged USDKG Stablecoin in Q3 2025

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-26 15:46:02

Kyrgyzstan is set to introduce USDKG, a gold-backed stablecoin pegged 1:1 to the US dollar, in the third quarter of 2025. Backed by $500 million in physical Gold reserves from the Kyrgyz Ministry of Finance, this initiative marks a significant step in Central Asia’s financial innovation and de-dollarization efforts.

The USDKG project combines the stability of precious metals with blockchain efficiency, offering a novel approach to cross-border payments. Gabriel Guerra, a project advisor, highlighted its potential to challenge traditional cryptocurrency models while maintaining dollar parity through gold reserves.

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