According to BitcoinSistemi, Kyrgyzstan has launched USDKG, a fully audited gold-backed stablecoin pegged 1:1 to the U.S. dollar. The stablecoin, issued by a state-owned entity under the Ministry of Finance, is backed by $50 million in physical gold reserves and is currently live on the TRON blockchain, with Ethereum support planned. The token was officially launched in Bishkek in the presence of President Sadyr Japarov and other officials. USDKG is not a CBDC and is intended to function as a transparent, asset-backed stablecoin with verifiable gold reserves. The project has undergone a full audit by ConsenSys Diligence and aims to expand its gold backing to $2 billion in the future.
Kyrgyzstan Launches $50M Gold-Backed Stablecoin USDKG on TRON Blockchain
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