Kyrgyzstan Launches $50M Gold-Backed USDKG Stablecoin to Modernize Cross-Border Payments

Kyrgyzstan launches $50M gold-backed USDKG stablecoin to modernize cross-border payments

BISHKEK, Kyrgyzstan, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Kyrgyzstan has officially launched USDKG, a gold-backed stablecoin pegged 1:1 to the U.S. dollar,...

Kyrgyzstan Quietly Tests a New Financial Model With Gold-Backed Digital Currency

The country’s Ministry of Finance owns a vehicle called OJSC Virtual Asset Issuer, and through it Kyrgyzstan has released USDKG, a token pegged to the U.S. dollar but collateralized with gold. Key Takeaways Kyrgyzstan is trialing a gold-backed digital currency outside traditional CBDC structures. The state owns the issuer, but day-to-day handling of reserves is outsourced to a regulated operator. The project aims for billions in collateral, sig…

Kyrgyzstan Steps Into Tokenized Money With Gold-Secured Digital Currency

Rather than adopting a central bank digital currency model, the country has launched USDKG — a state-oversighted stablecoin backed by […] The post Kyrgyzstan Steps Into Tokenized Money With Gold-Secured Digital Currency appeared first on CoinsPress.

Kyrgyzstan launches $50M gold-backed USDKG stablecoin to modernize cross-border payments – TechNewsTab

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