USDKG Debuts: Kyrgyzstan Issues Gold-Backed Coin Pegged to USD

TLDR Kyrgyzstan has officially launched USDKG, its first government-backed stablecoin. USDKG is pegged to the U.S. dollar and backed by physical gold reserves. The initial supply includes 50 million tokens minted on the Tron blockchain. President Sadyr Zhaparov led the official launch ceremony in Bishkek. The stablecoin is issued by a fully state-owned entity called [...]

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