CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

coinpedia 2025-05-05 07:48:32

Kyrgyzstan to Launch Gold-Backed Stablecoin Backed by $500M in Reserves

The post Kyrgyzstan to Launch Gold-Backed Stablecoin Backed by $500M in Reserves appeared first on Coinpedia Fintech News Kyrgyzstan is set to launch a new gold-backed stablecoin called the “Gold Dollar” (USDKG) in the third quarter of 2025. Pegged to the U.S. dollar, the stablecoin will be supported by $500 million worth of gold from the country’s Ministry of Finance. The government also plans to increase the gold reserves behind USDKG to $2 billion. This move marks a major step in Kyrgyzstan’s push to blend traditional wealth with digital finance through blockchain technology.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.