Kyrgyzstan News

During a Cointelegraph AMA, USDKG’s advisory leads explained how gold-backed reserves, government oversight, and live DeFi integrations shape a new stablecoin model.

The listing follows Kyrgyzstan’s passage of crypto legislation, the launch of a new US dollar–pegged stablecoin backed by physical gold and plans to build a national crypto reserve.

Kyrgyzstan’s USDKG blends a USD peg with a gold reserve claim. Here’s what it signals for emerging markets and what to verify next.

Kyrgyzstan President Sadyr Japarov claims that Changpeng “CZ” Zhao proposed establishing a private bank that also deals in cryptocurrency.

Building momentum through new integrations and regional partnerships, the project is getting ready for international rollout.

A stablecoin is now live in Kyrgyzstan, which confirmed plans to launch a CBDC and explore a national crypto reserve after meeting with strategic adviser Changpeng Zhao.

Despite sanctions and scrutiny, the ruble-backed A7A5 stablecoin surged 250% in a day to reach a $500 million market cap, overtaking all non-US dollar rivals.

Kyrgyz ministers explain how new laws, infrastructure and a gold-backed stablecoin will attract global builders and investors.

A behind-the-scenes look at how Kyrgyzstan is building a gold-backed stablecoin with government support and blockchain transparency.

Kyrgyz lawmakers passed amendments to the “On Virtual Assets” bill in three readings, defining terms like a state crypto reserve and state crypto mining.

The UK sanctioned Kyrgyz banks, crypto exchanges and individuals tied to Russia’s ruble-backed stablecoin.

Kyrgyzstan’s decision to enact clear crypto regulations in a region often marked by uncertainty is rapidly turning it into a potential safe harbor for decentralized finance.

William Campbell from USDKG discusses the project’s unique stablecoin model and how the Kyrgyz government backs the stablecoin.

Kyrgyzstan signed a memorandum of understanding with Binance to launch Binance Pay in the country.

Binance has partnered with Kyrgyzstan to roll out crypto payments and launch blockchain education programs in the country.