This stablecoin is public, secure, and fully backed, with its reserves held in the country's state banks. The KGST infrastructure includes multi-level user authentication and verification in accordance with international KYC/AML standards.
In the coming days, KGST is expected to be added to the international cryptocurrency exchange Binance, where it will be traded in pairs with well-known cryptocurrencies such as USDT, USDC, BNB, and BTC.
A mobile application for KGST is also anticipated, which will be created for the convenience of users and holders of the KGSToken.
It is worth noting that earlier, Sadyr Japarov discussed with Donald Trump measures for the implementation of digital financial instruments in Kyrgyzstan, including the launch of the KGST stablecoin and the creation of a state crypto reserve.
