Published
11/06/2025, 16:28The Ministry of Finance has announced the upcoming listing of the USDKG state stablecoin on centralised and decentralised trading platforms. This will be the next step after its official registration by the Financial Supervisory Authority in the last week of October.
USDKG is the world's first state-backed stablecoin, backed by physical gold and pegged to the US dollar. 1 USDKG is equal to $1. It is issued by JSC ‘Virtual Asset Issuer’, established by the Ministry of Finance. Thus, the project represents the first fully state-owned digital asset integrated into the national financial system.
According to the Ministry of Finance, the first issue and placement of USDKG tokens will take place in the coming days. A separate notice is expected to be published, specifying the mechanism, volume and exact date of listing.
The ministry notes that USDKG is seen as a new tool for strengthening financial sovereignty and developing Kyrgyzstan's digital economy. Its gold backing makes the token unique even by global standards, and its upcoming launch on trading platforms is a key step in its integration into the international financial infrastructure.
‘The launch of USDKG has attracted global interest, paving the way for Kyrgyzstan to become a centre of financial innovation and laying the foundation for long-term economic growth and investment attraction,’ the Ministry of Finance writes.
The project is being implemented as part of an approved pilot programme on digital assets and is not related to initiatives to create the national stablecoin KGST and the digital KGS, which are being developed in parallel.
