Kyrgyzstan Launches National Stablecoin, Prepares for Central Bank Digital Currency Rollout

Kyrgyzstan is taking a significant step into the digital currency landscape, launching its own national stablecoin, KGST, on October 25, 2025. The stablecoin is pegged to the Kyrgyzstani som and utilizes the BNB Chain for its operations, with President Sadyr Japarov overseeing its launch. This move signifies Kyrgyzstan’s entry into the digital currency arena and has implications for international cryptocurrency markets. KGST aims to reach a scale of up to $50 million, supporting government transactions and engaging with international platforms for listing. 1:1 peg to the som will be vital in the success of this venture.