Kyrgyzstan has officially launched its gold-backed stablecoin, USDKG, with a total issuance of $50 million. The stablecoin is pegged 1:1 to the US dollar and is fully backed by physical gold reserves. Issued by a state-controlled entity, the first batch of USDKG operates on the Tron blockchain and has been audited by ConsenSys Diligence. Plans are in place to expand its operations to the Ethereum blockchain. The issuer, OJSC Virtual Asset Issuer, is affiliated with Kyrgyzstan's Ministry of Finance and operates under the 2022 Virtual Assets Law. USDKG represents Central Asia's first stablecoin project combining state regulation, on-chain transparency, and gold backing.