Kyrgyz Republic Launches First Issuance of Gold-Backed Stablecoin USDKG
New York, NY – 23/11/2025 – (SeaPRwire) – The Kyrgyz Republic has officially launched the first issuance of its national stablecoin, USDKG, a digital token backed by physical gold and pegged to the US dollar. The launch ceremony took place at the Administration of the President of the Kyrgyz Republic and marks a significant milestone in the nation’s digital transformation and economic modernization.
The event was attended by Sadyr Japarov, President of the Kyrgyz Republic; Almaz Baketaev, Minister of Finance of the Kyrgyz Republic; and Biibolot Mamytov, CEO of Gold Dollar. During the ceremony, the dignitaries pressed the symbolic “Launch Issuance” button, officially initiating the circulation of 50,140,738 USDKG tokens, each equivalent to one US dollar and fully backed by physical go...
