Kyrgyzstan Launches Stablecoin, Plans CBDC by 2026

Kyrgyzstan has taken a significant step towards integrating digital currency into its financial system with the launch of the KGST stablecoin on the BNB Chain. The initiative is part of a broader plan to develop a national Central Bank Digital Currency (CBDC) known as the ‘digital som,’ slated for implementation by 2026. Led by President Sadyr Japarov, this initiative aims to capitalize on the potential of digital finance and expand its influence within the region.