Kyrgyzstan will issue a gold-linked US dollar stablecoin USDKG in Q3 "
According to online reports, according to CoinDesk, Kyrgyzstan plans to launch a gold-backed stablecoin linked to the US dollar-the Golden Dollar (USDKG) in the third quarter. The stablecoin will be backed by US$500 million in gold from the Ministry of Finance of Kyrgyzstan and plans to expand reserves to US$2 billion. According to the report, USDKG is specially designed for cross-border transactions and international trade. It initially focuses on Central Asia and will expand to Southeast Asia and the Middle East in the future.
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