Kyrgyzstan to Launch Gold-Backed, USD-Pegged Stablecoin USDKG by Q3 2025
Share:
- USDKG pegged 1:1 with the U.S. dollar, backed by national gold reserves
- The launch is set for Q3 2025, with $500 million in initial collateral
- Kyrgyzstan aims to improve cross-border payments and international trade
Kyrgyzstan is set to debut a gold-backed stablecoin, USDKG, by the third quarter of 2025. Backed by the nation’s Ministry of Finance gold reserves and pegged 1:1 to the U.S. dollar, the initiative targets improving cross-border payments and trade in Central Asia, a region where remittances make up nearly 30% of Kyrgyzstan’s GDP.
In its initial phase, USDKG will be backed by $500 million worth of gold. The Ministry of Finance will oversee the reserves and plans to increase the backing to $2 billion over time.
Related: 2025 Could Be Stablecoins’ Breakout Year as Adoption Hits Every Level
Project consultant Gabriel Guerra shared these details during the Token2049 conference in Dubai. He emphasized that transparency and trust will be maintained through regular independent audits of the gold reserves.
USDKG Pegged to USD, Not Gold
Unlike other gold-related tokens, USDKG will not track the market price of gold. Instead, it will maintain …
The post Kyrgyzstan to Launch Gold-Backed, USD-Pegged Stablecoin USDKG by Q3 2025 appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Eric Trump Calls Banks ‘Anti-American’ Amid Stablecoin Yield Fight in U.S. Crypto Bill
Tether finally lands a Big Four auditor – but the $189B USDT question still isn’t answered
Kyrgyzstan to Launch Gold-Backed, USD-Pegged Stablecoin USDKG by Q3 2025
Share:
- USDKG pegged 1:1 with the U.S. dollar, backed by national gold reserves
- The launch is set for Q3 2025, with $500 million in initial collateral
- Kyrgyzstan aims to improve cross-border payments and international trade
Kyrgyzstan is set to debut a gold-backed stablecoin, USDKG, by the third quarter of 2025. Backed by the nation’s Ministry of Finance gold reserves and pegged 1:1 to the U.S. dollar, the initiative targets improving cross-border payments and trade in Central Asia, a region where remittances make up nearly 30% of Kyrgyzstan’s GDP.
In its initial phase, USDKG will be backed by $500 million worth of gold. The Ministry of Finance will oversee the reserves and plans to increase the backing to $2 billion over time.
Related: 2025 Could Be Stablecoins’ Breakout Year as Adoption Hits Every Level
Project consultant Gabriel Guerra shared these details during the Token2049 conference in Dubai. He emphasized that transparency and trust will be maintained through regular independent audits of the gold reserves.
USDKG Pegged to USD, Not Gold
Unlike other gold-related tokens, USDKG will not track the market price of gold. Instead, it will maintain …
The post Kyrgyzstan to Launch Gold-Backed, USD-Pegged Stablecoin USDKG by Q3 2025 appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Eric Trump Calls Banks ‘Anti-American’ Amid Stablecoin Yield Fight in U.S. Crypto Bill