Kyrgyzstan Launches Stablecoin, Eyes Central Bank Digital Currency

Kyrgyzstan has taken a significant step in the world of crypto by launching its own stablecoin pegged to the Kyrgyzstani som. This new stablecoin, KGST, is operational on the BNB Chain and will be integrated with a national cryptocurrency reserve that may include BNB (BNB) tokens if launched as planned, according to former Binance CEO Changpeng ‘CZ’ Zhao who attended a recent meeting with President Sadyr Japarov.