Kyrgyzstan’s USDKG shows how real-asset stablecoins are evolving in emerging markets

Dec 17, 2025 - 17:30
Kyrgyzstan’s USDKG shows how real-asset stablecoins are evolving in emerging markets
Key takeaways Kyrgyzstan has launched USDKG, a USD-pegged stablecoin that the project says is backed by physical gold rather than cash and short-term US Treasurys. The token was first deployed on Tron with a reported initial issuance of 50 million units, with plans to expand to Ethereum. This article explains why gold-reserve narratives and state-linked...

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