Kyrgyzstan Unveils Gold-Backed Stablecoin for Cross-Border Payments

Kyrgyzstan has launched USDKG, a groundbreaking gold-backed stablecoin pegged 1:1 to the U.S. dollar, with an initial issuance of $50 million. This innovative token, issued on the Tron blockchain and fully audited by ConsenSys Diligence, seeks to revolutionize cross-border payments within Central Asia. The initiative marks a major step forward for the nation’s digital asset regulatory framework and provides unprecedented transparency in the use of blockchain technology.