Kyrgyzstan has introduced USDKG, a gold-backed stablecoin pegged to the US dollar, with an initial issuance of $50 million. The stablecoin, issued on the Tron blockchain and audited by ConsenSys Diligence, is set to support Ethereum in the future. Managed by the state-owned OJSC Virtual Asset Issuer under the Ministry of Finance, USDKG is fully backed by physical gold reserves.
The launch, attended by President Sadyr Japarov and other key officials, marks a significant step in modernizing cross-border payments in Central Asia. The project aims to expand gold reserves to $500 million, with a long-term target of $2 billion. USDKG complies with FATF KYC/AML standards and seeks to enhance financial inclusion and economic transparency, complementing Kyrgyzstan's national monetary system.
Kyrgyzstan Launches $50M Gold-Backed Stablecoin USDKG
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