According to Decrypt, Kyrgyzstan officially launched the USDKG gold-backed stablecoin, with a total issuance of 50 million USD, pegged 1:1 to the US dollar, issued by a state-owned entity and fully backed by physical gold reserves. The initial issuance operates on the Tron chain and is audited by ConsenSys Diligence, with plans to expand to Ethereum in the future. The issuer of USDKG, OJSC Virtual Asset Issuer, is affiliated with the Kyrgyz Ministry of Finance and operates entirely under the 2022 "Virtual Assets Law," making it the first stablecoin project in Central Asia to adopt the "state regulation + on-chain transparency + gold collateral" model.
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According to Decrypt, Kyrgyzstan officially launched the USDKG gold-backed stablecoin, with a total issuance of 50 million USD, pegged 1:1 to the US dollar, issued by a state-owned entity and fully backed by physical gold reserves. The initial issuance operates on the Tron chain and is audited by ConsenSys Diligence, with plans to expand to Ethereum in the future. The issuer of USDKG, OJSC Virtual Asset Issuer, is affiliated with the Kyrgyz Ministry of Finance and operates entirely under the 2022 "Virtual Assets Law," making it the first stablecoin project in Central Asia to adopt the "state regulation + on-chain transparency + gold collateral" model.