Kyrgyzstan Launches Gold-Backed Stablecoin

[cryptohog]

Kyrgyzstan is debuting USDKG, a US dollar-pegged stablecoin backed by its 340-ton gold reserves. The $50M issuance aims to support cross-border payments and trade outside US oversight, marking the world’s first gold-backed stablecoin.

[Rimon Khan]

A gold-backed stablecoin from a nation-state is a big move toward asset-backed digital money. 🪙

[EmTeam]

If executed well, this could boost regional financial stability and adoption.