Kyrgyzstan Issues Its First Gold-Backed Stablecoin

Release time:

2025-11-24

Source:

Xinhua Finance

    According to the Kyrgyz President’s website on the 20th, Kyrgyzstan officially launched its national stablecoin, USDKG, on that day, with an issuance volume of 50 million U.S. dollars.

　　According to the introduction, USDKG is a digital token backed by physical gold and pegged to the U.S. dollar, with each USDKG token valued at 1 U.S. dollar.

　　According to reports, USDKG combines the reliability of gold with the efficiency of blockchain technology, and its issuance opens up new opportunities for Kyrgyzstan to strengthen its position in the global financial ecosystem. USDKG also enhances Kyrgyzstan’s investment attractiveness by creating conditions for capital inflows and technological cooperation.

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