KGST on Binance is used for liquidity management, not for speculation.

Ирина Орлонская Local news
VK X OK WhatsApp Telegram
The KGST stablecoin, which is pegged to the Kyrgyz som, continues its trading on the Binance platform, demonstrating no significant deviations from the established exchange rate. This conclusion is based on the analysis of trading data collected at the end of December.

The KGST quotes remain within a stable range, coinciding with the exchange rate of the national currency, which confirms the stable peg of the stablecoin. The daily trading volume for the KGST/USDT pair remains at a level sufficient for conducting transactions without sharp price fluctuations.

The market shows that participants predominantly use KGST as a technical tool — for temporary asset storage and redirecting capital into more volatile cryptocurrencies. At the same time, there are no signs of speculative activity with this stablecoin.

Experts in the crypto market note that this model of stablecoin usage is common: they are mainly used for liquidity management and quick entry into trades under favorable market conditions, rather than for profit generation.

If the current trend continues, KGST may continue to be used as a settlement asset and an intermediate link within trading strategies on international cryptocurrency exchanges.
VK X OK WhatsApp Telegram

Read also:

Write a comment: