Kyrgyzstan launches national stablecoin and prepares to launch digital som — Changpeng Zhao

Binance founder Changpeng Zhao (CZ) announced the launch of Kyrgyzstan's national stablecoin on the BNB Chain blockchain and said that the country's central bank digital currency (CBDC) is ready for implementation. He wrote about this on his X account.

“Yes, both instruments are ready for use. The CBDC will be used for government payments and other official transactions,” he wrote.

In addition, Kyrgyzstan has created a National Cryptocurrency Reserve, which includes the BNB token.

Binance also announced the launch of educational and technological initiatives in the country:

• the Binance Academy program will begin cooperation with 10 leading universities in Kyrgyzstan;
• the Binance app is now fully localized in the Kyrgyz language;
• the Binance meeting in Bishkek brought together more than 1,000 participants.

Zhao also announced a partnership with the EthSign platform, which will work with Kyrgyzstan on digital solutions in the blockchain space.

“We strive to bring strategic value, not just invest money. I am glad that @yzilabs has become a minority investor and that the EthSign team has done an excellent job,” added the founder of Binance.