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Kyrgyzstan to Launch Gold-Backed Stablecoin Backed by $500M in Reserves
By: bitcoin ethereum news|2025/05/05 18:00:02
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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. Source: https://coinpedia.org/crypto-live-news/kyrgyzstan-to-launch-gold-backed-stablecoin-backed-by-500m-in-reserves/
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