Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Bishkek, November 20 (Xinhua) — Kyrgyzstan launched the issuance of its national stablecoin, USDKG, on Thursday. This digital token is backed by physical gold and pegged to the US dollar. The press service of the Kyrgyz president announced this.
During a special ceremony, participants pressed the "Start Issue" button, officially initiating the release of 50 million USDKG tokens into circulation on the Tron network, each equivalent to one US dollar and fully backed by physical gold.
Designed as a transparent, secure, and stable digital currency, USDKG combines the reliability of gold with the efficiency of blockchain technology. Its launch opens new opportunities to strengthen Kyrgyzstan's position in the global financial ecosystem. It forms the foundation for the development of a Web3 ecosystem of decentralized services enabling public-private sector interaction through blockchain solutions.
In addition, USDKG increases Kyrgyzstan's investment attractiveness by creating conditions for capital inflows and technological partnerships.
"By introducing a stablecoin backed by real assets, the initiative strengthens trust in financial innovation and demonstrates that digital instruments can be backed by material assets and serve economic development," the presidential press service said in a statement.
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