Kyrgyzstan has taken a pioneering step in the realm of digital finance by launching USDKG, a gold-backed stablecoin pegged 1:1 to the US dollar. The project boasts an initial issuance of $50 million and is being deployed on the Tron blockchain. This groundbreaking initiative received official confirmation with the participation of key players like President Sadyr Japarov, Minister of Finance Almaz Baketaev, and CEO of Gold Dollar Biibolot Mamytov during a launch ceremony. The event signaled the commencement of USDKG token circulation. USDKG is fully audited by ConsenSys Diligence for its transparency, and its issuance is guaranteed by OJSC Virtual Asset Issuer, a state-owned entity under the Ministry of Finance, operating within the legal framework established in the 2022 Law on Virtual Assets of the Kyrgyz Republic. The country is pioneering this approach in Central Asia with an innovative model blending sovereign oversight with blockchain transparency. The stablecoin’s long-term goal is to expand its backing to $500 million and then to $2 billion, as outlined by USDKG’s issuer. This development signifies a new era of cross-border payments in the region.