Kyrgyzstan has officially launched USDKG, a gold-backed stablecoin pegged 1:1 to the USD, with an initial issuance of $50 million, in step with PR shared with crypto.files.
- USDKG is pegged 1:1 to the U.S. buck and absolutely backed by gold reserves.
- Bid-owned issuer targets to broaden reserves to $500 million and later $2 billion.
- The venture marks Central Asia’s first inform-supervised, gold-backed digital foreign money.
USDKG is built on the Tron blockchain and audited by ConsenSys Diligence, with future toughen deliberate for Ethereum.
Tokens are issued by a inform-owned company below the Ministry of Finance, OJSC Digital Asset Issuer. On the other hand, it’s now not a CBDC. Officials teach the movement represents a first for Central Asia — merging authorities oversight with blockchain transparency.
As acknowledged, he venture is absolutely compliant with world anti-money laundering and know-your-customer standards, and every USDKG “absolutely backed by bodily gold reserves.”
The stablecoin’s backers draw to broaden its gold reserves to $500 million, with a prolonged-term purpose of $2 billion. Authorities teach USDKG is designed to toughen financial inclusion and fee efficiency whereas striking ahead full transparency.
Kyrgyzstan is with out a doubt one of the necessary foremost international locations in the region to put a comprehensive digital-asset regulatory framework.
In September, the Kyrgyz Parliament adopted a region of amendments to its “On Digital Resources” legislation in three readings. Economy Minister Bakyt Sydykov launched the bill.
