USDKG to be backed by $500 million in physical gold reserves from the Kyrgyz Ministry of Finance, with planned expansion to $2 billion.
BISHKEK, Kyrgyzstan, May 30, 2025 (GLOBE NEWSWIRE) -- The Kyrgyz Republic has announced the upcoming launch of USDKG, a gold-backed stablecoin pegged 1:1 to the U.S. dollar. The stablecoin is expected to go live in the third quarter of 2025, with an initial reserve of $500 million in physical gold held by the Ministry of Finance.
The initiative is part of a broader strategy to enhance cross-border payment infrastructure in