Algorithmic Ratings & Investment Analysis
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by aria-ratings.com
May 31, 2025 at 10:57
Kyrgyz Republic Set to Launch USDKG: A Gold-Backed Stablecoin Pegged to the US Dollar
The Kyrgyz Republic has announced the imminent launch of USDKG, a gold-backed stablecoin pegged to the U.S. dollar.
Set to go live in the third quarter of 2025, USDKG will initially be supported by $500 million in physical gold reserves managed by the Ministry of Finance.
This initiative aims to improve cross-border payment systems in Central Asia and streamline international trade using blockchain technology.
Unlike typical commodity-pegged tokens, USDKG will maintain a strict 1:1 parity with the U.S. dollar, rather than tracking gold prices.
The issuance process will allow users to redeem tokens for physical gold, cryptocurrencies, or fiat currency.
The Kyrgyz government plans a future expansion of USDKG's reserve base to $2 billion and regular audits to reinforce transparency.
Initially focused on Central Asia, USDKG also aims to expand into Southeast Asia and the Middle East, where remittances represent about 30% of Kyrgyzstan's GDP.
Token holders will enjoy the flexibility to redeem their USDKG for physical gold, convert to other digital assets, or withdraw fiat currency equivalents.
USDKG is designed to comply with institutional-grade standards, focusing on overcollateralization and independent auditing to ensure trust.
For further details, interested parties can visit the official USDKG website at https://www.usdkg.com/.
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