Short News

Kyrgyzstan to Launch Gold-Backed Stablecoin Backed by $500M in Reserves

Qadir AK5 May 20251 min read

Kyrgyzstan is set to launch a new gold-backed stablecoin called the “Gold Dollar” (USDKG) in the third quarter of 2025. Pegged to the U.S. dollar, the stablecoin will be supported by $500 million worth of gold from the country’s Ministry of Finance. The government also plans to increase the gold reserves behind USDKG to $2 billion. This move marks a major step in Kyrgyzstan’s push to blend traditional wealth with digital finance through blockchain technology.

#Stablecoin

Qadir AK

Author

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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