Kyrgyzstan Launches Gold-Backed USDKG Stablecoin for Modernizing Cross-Border Payments

Kyrgyzstan has introduced USDKG, a gold-backed stablecoin pegged to the U.S. dollar with an initial issue of $50 million. The stablecoin is being launched on the Tron blockchain and will be fully audited by ConsenSys Diligence. Future plans include expanding Ethereum support.    This initiative marks the first of its kind in Central Asia, combining sovereign oversight with blockchain transparency. A total of 50,000,000 USDKG tokens have been issued, each backed by physical gold reserves. Operational control over these reserves is delegated to a private company registered in Kyrgyzstan under a contract agreement with the USDKG issuer.