Kyrgyzstan has released the stablecoin USDKG

Сергей Гармаш Economy
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The first issuance of the stablecoin USDKG has been registered by the government authorities of Kyrgyzstan as part of a public offering, as reported by the Financial Market Regulation and Supervision Service.

According to the official website and social media of the project, USDKG is expected to be backed by gold reserves and will be pegged to the US dollar at a rate of 1:1. This stablecoin is intended for use in international trade.

Photo on the main page: Freepik.
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