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Kyrgyzstan has launched a gold-backed stablecoin USDKG, with the national team set to engage in physical asset backing.

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[Coin World] Kyrgyzstan has made a big move - their Ministry of Finance's direct agency has just launched a stablecoin called USDKG, and the approach is quite hardcore.

This coin has a total issuance of 50 million USD, pegged 1:1 to the USD, but the key highlight is that it is fully backed by physical gold reserves. It is not just an empty promise; it is supported by real gold and silver. The initial launch is planned to run on the Tron chain, with plans to integrate into the Ethereum network later.

To be honest, it is quite rare in the current market for a national team to personally back a stablecoin with gold. With sovereign credit support and binding to physical assets, it opens up a new avenue in the stablecoin space. It remains to be seen what extent liquidity and market acceptance can achieve.

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NftDeepBreathervip
· 4h ago
Gold backing is truly amazing. It's much more reliable than those air coins. Finally, a country is doing something real.
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RektRecordervip
· 12-01 16:47
A stablecoin backed by gold? Sounds good, but we need to see if there is transparent auditing behind the real deal.
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MEV_Whisperervip
· 12-01 16:45
Gold-backed stablecoin, the national team has finally arrived, now the stablecoin war will be reshuffled.
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SighingCashiervip
· 12-01 16:44
Gold backing? Can this trap work? It feels like another round of playing people for suckers.
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LiquidationWatchervip
· 12-01 16:27
This time it's backed by real gold and silver, not a scamcoin. Kyrgyzstan's move is quite strong.
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ImpermanentPhobiavip
· 12-01 16:20
Backed by real gold and silver, unlike some stablecoins that are so虚. This move by Kyrgyzstan is quite solid.
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