Kyrgyzstan is set to launch a new gold-backed stablecoin called USDKG in the third quarter of 2025. The stablecoin aims to be pegged to the US dollar, leveraging the country's gold reserves to stabilize the value of the currency. This initiative seeks to enhance the country’s monetary system and facilitate international transactions while ensuring a secure asset backed by tangible value. The introduction of USDKG is viewed as a significant step towards fostering financial innovation within Kyrgyzstan and addressing volatility associated with traditional cryptocurrencies. Officials believe that this stablecoin may improve financial inclusion and attract investment. As the launch date approaches, more details about the operational framework and the technology underpinning this new digital currency are expected to be released.

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