Bishkek, Nov. 20, 2025. /Kabar/. President Sadyr Zhaparov today attended the official launch ceremony of the first issue of the national stablecoin USDKG, a digital token backed by physical gold and pegged to US dollar, the presidential press service reported.
The event was attended by Finance Minister Almaz Baketayev and Chairman of the Board of OJSC "Issuer of Virtual Assets" Biybolot Mamytov.
During the ceremony, participants pressed the "Launch Issue" button, officially initiating the issuance and circulation of 50,000,000 USDKG tokens on the Tron network, each equivalent to one US dollar and fully backed by physical gold.
USDKG is a gold-backed stablecoin fully supported by Kyrgyz Republic. Designed as a transparent, secure, and stable digital currency, USDKG combines the reliability of gold with the efficiency of blockchain technology.
The launch opens new opportunities to strengthen Kyrgyzstan's position in the global financial ecosystem. It forms the foundation for the development of a Web3 ecosystem of decentralized services enabling public-private sector interactions through blockchain solutions.
Furthermore, USDKG increases Kyrgyzstan's investment attractiveness by creating conditions for capital inflows and technology partnerships.
By introducing a stablecoin backed by real assets, the initiative strengthens trust in financial innovation and demonstrates that digital instruments can be backed by material assets and contribute to economic development.
USDKG is issued by OJSC "Virtual Assets Issuer," state-owned company, ensuring a high level of trust and institutional reliability.