Kyrgyzstan Launches Gold-Pegged Stablecoin in International Crypto Arena
- Kyrgyzstan launched USDKG, a gold-backed stablecoin pegged 1:1 to the U.S. dollar, to boost blockchain innovation and attract investment. - Issued on Tron blockchain with 50 million tokens, it is fully backed by state-held gold reserves and complies with FATF AML/KYC standards. - The government aims to enhance cross-border payments and Web3 infrastructure while differentiating USDKG from its CBDC and Russia-pegged A7A5. - Amid global debates on gold-backed tokens vs. decentralized assets, rising gold pri
Kyrgyzstan has rolled out a gold-backed stablecoin called USDKG, aiming to establish itself as a leader in blockchain technology and draw international investors. The country issued 50 million tokens, each tied 1:1 to the U.S. dollar and fully secured by physical gold, on the
The initiative, first revealed in May 2025, was initially set to be backed by $500 million in gold,
The launch comes as the world debates the future of currency, contrasting gold-backed tokens with decentralized assets such as
The government also wants to set USDKG apart from its developing central bank digital currency (KGST) and the controversial Russian-linked A7A5 stablecoin, which has faced sanctions over alleged connections to bypassing Ukraine-related restrictions
Looking ahead, plans include broadening blockchain applications, building decentralized app infrastructure, and issuing more tokens. Experts will watch closely to see if USDKG evolves into a regional settlement solution or remains a domestic experiment,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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