Kyrgyzstan Set to Launch Gold-Backed Stablecoin USDKG in Q3
Kyrgyzstan is preparing to introduce the Gold Dollar (USDKG), a stablecoin securely backed by gold reserves of $500 million, with plans to expand that amount significantly.
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Kyrgyzstan is preparing to introduce the Gold Dollar (USDKG), a stablecoin securely backed by gold reserves of $500 million, with plans to expand that amount significantly.
Kyrgyzstan has announced the launch of a central bank digital currency pilot, formally recognizing the digital som as legal tender.
Kyrgyzstan's President has approved plans for the digital som, raising questions about the future of centralized digital currencies amidst technological divides.
President Sadyr Japarov's new law provides legal status to the proposed digital som as Kyrgyzstan explores the implementation of a central bank digital currency.
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