Kyrgyzstan Launches Gold-Backed USDKG Stablecoin on Tron

Published at 2025-11-20 19:46:18

On Nov. 20, 2025, Kyrgyzstan's government unveiled USDKG, a gold-backed stablecoin pegged to the U.S. dollar and issued through a state-owned entity on the Tron blockchain. Authorities in Bishkek framed the new token as a tool to bolster the country's standing in global finance and to draw foreign capital, while leveraging Tron's low fees and existing TRX ecosystem for distribution and liquidity.

The launch could give Kyrgyzstan a novel channel for cross-border payments and reserve diversification, but it also raises questions about transparency, custody of the gold reserves and regulatory oversight. Market participants will watch how USDKG integrates with DeFi protocols on Tron and whether the peg and gold backing hold up under market stress, factors that will determine the token's acceptance by investors and partners.

TRXState-OwnedStablecoinGold-BackedKyrgyzstanTron

Share on:

Coinbase said it is collaborating with leading U.S. banks on stablecoin projects and pilot crypto services, with CEO Brian Armstrong noting banks are "leaning into this as an opportunity." The move reflects a growing, if cautious, Wall Street interest in crypto infrastructure.

CoinbaseRegulationStablecoinCrypto InfrastructureWall StreetBanks

Published at 2025-12-03 19:45:15

BNP Paribas Joins EU Bank Consortium to Launch Euro Stablecoin

BNP Paribas is among ten European banks that formed Qivalis in the Netherlands to issue a euro-backed stablecoin, aiming to deliver a regulated digital euro payment solution.

StablecoinEuroBNP ParibasQivalisRegulationBanking

Published at 2025-12-03 10:45:15

Taiwan Plans First Regulated Stablecoin Launch in 2026

Taiwan will roll out its first regulated stablecoin in 2026, but regulators have not yet decided whether it will be pegged to the New Taiwan dollar or the U.S. dollar. That peg choice will shape how the token interacts with the island’s currency controls and cross‑border use.

TaiwanStablecoinPaymentsRegulationCurrency Controls

Published at 2025-12-03 09:15:08

Ripple, Top VCs Back Ex-Goldman Exec's RWA Platform OpenEden

OpenEden, led by former Goldman Sachs executive Jeremy Ng, has secured backing from Ripple and prominent venture firms as its TBILL token and yield-bearing stablecoin USDO see rising institutional and on-chain adoption.

RippleStablecoinXRPRWAInstitutional

Published at 2025-12-02 11:15:09

European Banks Unveil Plans for Euro-Pegged Stablecoin

Ten European banks, including ING and UniCredit, have set up an Amsterdam company to issue a euro-pegged stablecoin intended to challenge U.S. dominance in digital payments. The initiative signals a coordinated push by incumbent banks to reclaim payment rails and accelerate euro-based digital transactions.