The Kyrgyz Republic has launched its first issuance of the gold-backed stablecoin USDKG

Today, November 20, President of the Kyrgyz Republic Sadyr Zhaparov took part in the official launch ceremony of the first issue of the national stablecoin USDKG, a digital token backed by physical gold and pegged to the US dollar.

The event was attended by Almaz Baketaev, Minister of Finance of the Kyrgyz Republic, and Biibolot Mamytov, Chairman of the Board of OJSC “Virtual Asset Issuer.”

During the ceremony, the participants pressed the “Launch Issue” button, officially initiating the issuance and circulation of 50 million USDKG tokens on the Tron network, each of which is equivalent to one US dollar and is fully backed by physical gold.

USDKG is a gold-backed stablecoin fully supported by the Kyrgyz Republic. Designed as a transparent, secure, and stable digital currency, USDKG combines the reliability of gold with the efficiency of blockchain technology.

The launch opens up new opportunities to strengthen Kyrgyzstan's position in the global financial ecosystem. It forms the basis for the development of the Web3 ecosystem infrastructure of decentralized services that enable interaction between the state and the private sector through blockchain solutions.

In addition, USDKG increases Kyrgyzstan's investment attractiveness, creating conditions for capital inflows and technological partnerships.

By introducing a stablecoin backed by real assets, the initiative strengthens confidence in financial innovation and demonstrates that digital instruments can be materially secured and serve the development of the economy.

USDKG is issued by OJSC “Virtual Asset Issuer,” a company with 100% state participation, which ensures a high level of trust and institutional reliability.