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Kyrgyzstan to Launch Gold-Backed Stablecoin USDKG by Q3 2025 – Coincu
By: bitcoin ethereum news|2025/05/05 15:15:01
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Kyrgyzstan is set to launch USDKG, a gold-backed stablecoin, in Q3 2025. USDKG will support cross-border payments and international trade. Transparency ensured through audits and over-collateralization design. The Ministry of Finance of Kyrgyzstan announced plans to launch a gold-backed stablecoin, USDKG, by Q3 2025. Kyrgyzstan’s USDKG aims to enhance cross-border payments, boasting a 1:1 USD peg backed by gold. Kyrgyzstan to Launch Gold-Backed Stablecoin USDKG by Q3 2025 The Ministry of Finance of Kyrgyzstan announced plans to launch a gold-backed stablecoin, USDKG, by Q3 2025. Kyrgyzstan’s USDKG aims to enhance cross-border payments, boasting a 1:1 USD peg backed by gold. “Gold Dollar (USDKG) is fully backed by physical gold reserves, safeguarded in secure facilities and regularly audited for transparency. Gold Dollar is backed by the Ministry of Finance of the Kyrgyz Republic, benefitting from the credibility and stability of an established financial institution.” — Gabriel Guerra, Project Consultant, Kyrgyz Republic Kyrgyzstan’s USDKG: A $500 Million Gold Reserve Initiative Did you know? Kyrgyzstan’s effort to combine gold backing with a USD peg reflects a strategic move reminiscent of the Bahamas’ Sand Dollar, highlighting a trend toward state-issued digital currencies. Bitcoin (BTC) holds a current price of $94,700.61 with a market cap of $1.88 trillion, reflecting a -1.31% change in 24 hours. Despite minor fluctuations, Bitcoin’s dominance remains strong at 63.67%, per CoinMarketCap data. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 06:49 UTC on May 5, 2025. Source: CoinMarketCap The Coincu research team notes potential global interest in USDKG , if successful, as a case study for state-backed stablecoins. This initiative might lead to shifts in digital currency adoption in Central and Southeast Asia. Confidence in government-backed assets could redefine future digital currency models. Source: https://coincu.com/335741-kyrgyzstan-gold-backed-stablecoin-launch/
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