Home Kyrgyzstan Launches $50M Gold-backed USDKG Stablecoin To Modernize Cross-border Payments

Kyrgyzstan Launches $50M Gold-backed USDKG Stablecoin To Modernize Cross-border Payments

By Kapil RajyaguruNovember 22, 2025, 4:30 PM1 Mins read500 Views

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Kyrgyzstan has officially launched USDKG, a gold-backed stablecoin pegged 1:1 to the U.S. dollar, with an initial issue of $50 million. The token is issued on Tron and fully audited by ConsenSys Diligence, with future expansion slated to include Ethereum support.
The issuer, OJSC Virtual Asset Issuer, is a state-owned entity under the Ministry of Finance, operating within the legal framework established by the 2022 Law on Virtual Assets of the Kyrgyz Republic.
The initiative represents a first-of-its-kind model in Central Asia, merging sovereign oversight with blockchain transparency.
Kyrgyzstan’s move comes as gold trades near record highs and central banks boost reserves amid geopolitical tensions. USDKG seeks to pair that safe-asset appeal with blockchain settlement, creating a hybrid tool for cross-border commerce.

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Written by

Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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