The post USDKG Debuts: Kyrgyzstan Issues Gold-Backed Coin Pegged to USD appeared on BitcoinEthereumNews.com.

TLDR Kyrgyzstan has officially launched USDKG, its first government-backed stablecoin. USDKG is pegged to the U.S. dollar and backed by physical gold reserves. The initial supply includes 50 million tokens minted on the Tron blockchain. President Sadyr Zhaparov led the official launch ceremony in Bishkek. The stablecoin is issued by a fully state-owned entity called OJSC Issuer of Virtual Assets. Kyrgyzstan has issued its first government-backed stablecoin, USDKG, which is pegged to the U.S. dollar and backed by gold. Authorities launched the cryptocurrency during an official ceremony in Bishkek attended by top government officials. The token, minted on the Tron blockchain, begins circulation with an initial supply of 50 million coins. USDKG Stablecoin Debuts with Gold Reserves and U.S. Dollar Peg President Sadyr Zhaparov led the launch event in the capital city, pressing a symbolic button to begin minting. Finance Minister Almaz Baketayev and Biybolot Mamytov, chairman of OJSC “Issuer of Virtual Assets,” were also present. The new stablecoin aims to link blockchain innovation with Kyrgyzstan’s gold holdings. Each USDKG token equals one U.S. dollar and is supported by physical gold stored by the Kyrgyz state. The government described the project as a strategic move to modernize the country’s financial infrastructure. Officials hope this will help Kyrgyzstan enter global financial networks and attract technology investors. The issuer, OJSC “Issuer of Virtual Assets,” is fully state-owned and authorized to distribute the new digital asset. The company began minting USDKG using the Tron blockchain at the event. Officials confirmed the first batch includes 50 million tokens ready for circulation. According to a release from President Zhaparov’s office, “USDKG is crafted as a digital currency, marrying the steadfastness of gold with the cutting edge of blockchain technology.” Kyrgyzstan expects USDKG to boost its appeal to international partners and capital investors. Officials emphasized the…

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Filed under: News - @ November 21, 2025 1:23 am