Kyrgyzstan Expands Digital Finance with Stablecoins
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In addition to KGST, Kyrgyzstan has launched USDKG, a US dollar–pegged stablecoin backed by physical gold, issued initially on Tron with plans to expand to Ethereum. The country is pursuing a broader digital asset agenda, including cross-border payments and state-backed crypto reserves. CZ Zhao has been advising the nation since April, helping provide technical expertise and consulting to grow Kyrgyzstan’s crypto infrastructure.