Kyrgyzstan has introduced USDKG, a gold-backed stablecoin pegged 1:1 to the U.S. dollar, now live on the TRON blockchain. The stablecoin, issued by a state-owned entity under the Ministry of Finance, is backed by $50 million in physical gold reserves. The launch event in Bishkek was attended by President Sadyr Japarov and other officials.
USDKG, which is not a central bank digital currency (CBDC), aims to provide a transparent and verifiable asset-backed stablecoin. The project has been fully audited by ConsenSys Diligence, with plans to expand its gold reserves to $2 billion. Ethereum support for USDKG is also planned for the future.
Kyrgyzstan Launches Gold-Backed Stablecoin USDKG on TRON
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