Kyrgyzstan's Minister of Economy and Finance, Almaz Baketaev, has revealed the country's exploration into a gold-backed stablecoin, USDKG. In a discussion with Cointelegraph, Baketaev outlined the potential of USDKG to enhance financial stability and integrate with global markets. The initiative aims to leverage Kyrgyzstan's gold reserves to back the digital currency, providing a stable and secure asset for both domestic and international transactions.
Kyrgyzstan Explores Gold-Backed Stablecoin with USDKG
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.