The total issuance amounted to 50,140,738 stablecoins, each with a nominal value of $1. The issuer of this asset is the Joint Stock Company "Issuer of Virtual Assets," with the Ministry of Finance of the Kyrgyz Republic as the sole founder.
According to information posted on the official website and social media of the project, it is planned that USDKG will be backed by gold and pegged to the dollar at a rate of 1:1, and will also be intended for use in global trade.
Photo on the main page: Paul Yeung / Bloomberg.
