Published
09/01/2026, 14:43According to CoinMarketCap, as at 1 September, the market capitalisation of the Kyrgyz stablecoin KGST stood at $7.09 million. There were over 622 million tokens in circulation.
At the time of writing, one KGST was trading at $0.01139. The daily trading volume stood at approximately $1.8 million, or 157.4 million KGS. The asset ranked 1,082nd in the cryptocurrency rankings.
The total supply and circulating supply were estimated at 622.18 million KGST. The number of addresses holding tokens stood at around 1,060.
When converting CoinMarketCap’s quotes using the official National Bank of Kyrgyzstan exchange rate, one KGST was valued at approximately 0.996 KGS. A slight deviation from the stated 1:1 peg may be due to the specifics of exchange trading, liquidity, data rounding and the conversion of value via the US dollar and USDT. The official US dollar exchange rate as at 1 September was 87.45 KGS.
Trading in KGS is predominantly concentrated in the pair with the dollar-pegged stablecoin USDT. Transactions involving this pair take place on the centralised exchanges Binance, HTX, BTCC, DigiFinex and KTX.
The largest share of the reported daily turnover was accounted for by the KGST/USDT pair on the HTX exchange — approximately $1.38 million, or 75.6 per cent of the total trading volume. On Binance, the turnover for this pair was $150,100, or 8.3 per cent, whilst on BTCC it was $142,200, or 7.8 per cent.
The TRX/KGST pair is also traded on HTX. Its daily turnover reached $127,800, which corresponded to approximately 7 per cent of the total volume. On DigiFinex, approximately $23.6 thousand, or 1.3 per cent, was traded via the KGST/USDT pair.
KGST is also listed on the decentralised platform PancakeSwap v3 on the BNB Smart Chain — in the USDT/KGST and KGST/TUT pairs. However, trading volume there was minimal at the time of observation. The ChangeNOW service also listed the KGST/BTC trading pair.
Thus, despite KGST’s presence on several platforms, actual trading activity remains highly concentrated, with around three-quarters of the turnover accounted for by a single KGST/USDT pair on the HTX exchange.
KGST is issued under the BEP-20 standard on the BNB Chain. The issuer claims that each token is backed by a corresponding amount of KGS held in licensed banks in Kyrgyzstan. Provided the 1:1 reserve model is adhered to, the reserves for tokens in circulation should amount to approximately 622.2 million KGS. However, the project’s website does not publish a current independent audit report on the reserves that would confirm this amount.
The first issue of KGST as part of a public offering was registered by the Financial Supervisory Authority in June 2025. The issuer is KGSToken LLC.
