Kyrgyzstan Launches USDKG Stablecoin Backed by Gold, $50M Supply
Kyrgyzstan's financial regulator announced the introduction of USDKG, a national stablecoin reportedly valued at more than $50 million. The token is described as gold-backed and linked to the U.S. dollar, positioning it as a hybrid reserve asset intended to combine commodity backing with fiat peg stability. Officials framed the move as a step toward modernizing the country's digital payment infrastructure. The launch could matter for cross-border payments, reserve diversification and financial inclusion if liquidity and on/off ramps are established. Gold backing may boost confidence compared with unsecured tokens, but transparency about reserves, custody and compliance arrangements will be key to market acceptance. The regulator's announcement signals growing state interest in tokenized national instruments across emerging markets, and observers will watch implementation details and pilot use cases over the coming months.