NEW YORK CITY, Nov 21, 2025 – (ACN Newswire) –The Kyrgyz Republic has actually formally released the very first issuance of its nationwide stablecoin, USDKG, a digital token backed by physical gold and pegged to the United States dollar. The launch event happened at the Administration of the President of the Kyrgyz Republic and marks a substantial turning point in the country’s digital change and financial modernization.
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The occasion was participated in by Sadyr Japarov, President of the Kyrgyz Republic; Almaz Baketaev, Minister of Finance of the Kyrgyz Republic; and Biibolot Mamytov, CEO of Gold Dollar. Throughout the event, the dignitaries pushed the symbolic “Launch Issuance” button, formally starting the blood circulation of 50,140,738 USDKG tokens, each comparable to one United States dollar and completely backed by physical gold.
A New Era for Kyrgyz Digital Finance
USDKG is a gold-backed stablecoin totally supported by the Kyrgyz Republic. Developed as a transparent, safe, and steady digital currency, USDKG integrates the dependability of gold with the performance of blockchain innovation.
The launch opens brand-new chances for Kyrgyzstan to reinforce its position in the worldwide monetary environment. It prepares for the advancement of a Web3 facilities – an environment of decentralized services allowing interaction in between public and economic sectors through blockchain services.
In addition, USDKG boosts Kyrgyzstan’s financial investment appeal, leading the way for capital inflows and technological collaborations. By presenting a stablecoin backed by genuine properties, the effort promotes higher self-confidence in monetary development and shows that digital instruments can be underpinned by concrete worth while serving the wider economy.
Public Oversight and Private Expertise
The issuance of USDKG is performed by a business with 100% state involvement, guaranteeing a high level of financier trust and institutional dependability. Functional control – consisting of gold management – is handed over to a personal business signed up in the Kyrgyz Republic, under a legal arrangement with the USDKG provider.
This separation of duties makes sure independent functional oversight and verifies that USDKG is not categorized as a Central Bank Digital Currency (CBDC).
A Strategic Milestone
The launch of USDKG marks a brand-new chapter for Kyrgyzstan as the nation with confidence goes into the period of digital properties while maintaining the long-lasting worth of its nationwide wealth – gold.
For additional information about USDKG and its reserve systems, please go to the main site: www.usdkg.com
Media Contact
Business: USDKG
Contact: William Campbell
Site: https://www.usdkg.com/
Subject: Press release summary
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