Kyrgyzstan introduced USDKG, a gold-backed stablecoin pegged to the U.S. dollar and issued by a state-owned entity on the Tron network. Bishkek says the move is designed to raise the country's financial profile and attract foreign investment.
Kyrgyzstan has launched USDKG, a national stablecoin backed by gold and pegged to the U.S. dollar, with an initial issuance valued at over $50 million, the financial regulator said.