TechFlow, on May 29, according to Cointelegraph, the gold-backed stablecoin USDKG endorsed by the government of Kyrgyzstan could become legal tender in the country within three months and is now initiating an audit process with one of the "Big Four" accounting firms. William Campbell, advisor to USDKG, explained that the stablecoin is pegged 1:1 to the U.S. dollar but backed by physical gold reserves, and will undergo audits every six months with results published on the blockchain.
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