Bishkek, Nov. 7, 2025. /Kabar/. The Kyrgyz Republic has completed the first issue of its national stablecoin, KGST, pegged 1:1 to the Kyrgyz som, Secretariat of the National Council for the Development of Virtual Assets and Blockchain Technologies reports.
According to the agency, KGST has been deployed on the BNB Chain network, has undergone a smart contract audit, and has undergone expert whitepaper review. Test deployment and listing of the token on leading cryptocurrency platforms were also conducted to assess compatibility and technical stability.
KGST is a public, secure, and fully backed stablecoin, with reserves held in state-owned banks of the Kyrgyz Republic. Its infrastructure includes multi-level holder authentication and verification procedures in accordance with international KYC/AML standards.
Initially, the KGST stablecoin will be listed on local cryptocurrency exchanges in Kyrgyzstan and the CIS countries, followed by listing on other global trading platforms, including international exchanges such as Binance, Coinbase, and others.
KGST mobile app, designed for the convenience of users and KGSToken holders, will also be launched soon. The stablecoin is issued by KGSTOKEN LLC.