KYRGYZSTAN LAUNCHES FIRST STATE-BACKED STABLECOIN PEGGED TO US DOLLAR
Thu 06 November 2025: Kyrgyzstan has officially issued its first stablecoin, USDKG, becoming the country’s first state-owned digital asset. The Finance Ministry said on Thursday the new stablecoin is pegged to the US dollar at a 1:1 exchange rate and backed by gold. The launch cost the state budget 438,480.75 soms (about $37), according to figures […]
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