Kyrgyzstan launches USDKG: gold-backed stablecoin to modernize international payments š
Kyrgyzstan has launched USDKG, a gold-backed stablecoin, with an initial capitalization of US$ 50 million šø. The project aims to modernize international payments and reduce costs associated with cross-border transactions š.
- *Gold backing*: USDKG is backed 1:1 by physical gold reserves, ensuring stability and transparency š.
- *Issuance on the Tron blockchain*: The initial issuance will be made on the Tron network, with plans for expansion to other blockchains š.
- *Regulatory compliance*: The project complies with the FATF KYC/AML regulations, setting a precedent in Central Asia š.
š„ Kyrgyzstan launches gold-backed stablecoin to modernize payments
š” USDKG is a digital asset with sovereign guarantee and gold backing
š„ The project aims to reduce costs and increase efficiency in international payments
š USDKG could become a model for other countries with commodity reserves.
