TechFlow news, June 9 — According to Cointelegraph, the Republic of Kyrgyzstan will launch its USDKG stablecoin in Q3 2025. The stablecoin will be pegged 1:1 to the U.S. dollar and backed by physical gold. Initial gold reserves will amount to $300 million, with plans to expand to $2 billion. Authorized and supported by the Ministry of Finance of Kyrgyzstan, the project will be funded through gold purchases from the national bank. USDKG will utilize an over-collateralization model to mitigate gold price volatility, allowing holders to redeem physical gold, crypto assets, or fiat currency. The initiative aims to improve cross-border payment infrastructure in Central Asia and facilitate international trade, with future independent third-party audits to ensure transparency.
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