Kyrgyzstan to Launch Gold-Backed Stablecoin Backed by $500M in Reserves

Kyrgyzstan is set to launch a new gold-backed stablecoin called the “Gold Dollar” (USDKG) in the third quarter of 2025. Pegged to the U.S. dollar, the stablecoin will be supported by $500 million worth of gold from the country’s Ministry of Finance. The government also plans to increase the gold reserves behind USDKG to $2 billion. This move marks a major step in Kyrgyzstan’s push to blend traditional wealth with digital finance through blockchain technology.