The official launch ceremony of the first issuance of the national stablecoin USDKG took place with the participation of President Sadyr Japarov. This digital token, backed by physical gold and pegged to the US dollar, was presented by the president's press service.
During the event, participants pressed the "Launch Emission" button, thereby initiating the issuance of 50 million USDKG tokens on the Tron blockchain. Each token corresponds to $1 and is fully backed by gold reserves.
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USDKG is a stablecoin that is fully supported by the Kyrgyz Republic. It is created as a safe, transparent, and stable digital currency, combining the reliability of gold with the capabilities of blockchain technologies.
The token issuance is carried out by the Joint Stock Company "Issuer of Virtual Assets," a company with 100% state participation, which enhances the trust and reliability of this financial initiative, as noted by the president's administration.
The launch of this stablecoin opens new horizons for Kyrgyzstan in the global financial system. It lays the foundation for the development of a Web3 ecosystem that will include decentralized services and facilitate interaction between the government and the private sector through blockchain technologies.
The implementation of a stablecoin backed by real assets helps strengthen trust in financial innovations, increases the investment attractiveness of the country, and creates conditions for attracting capital and technological partnerships, the administration of the head of state added.
