what's USDKG (Gold Dollar)?
USDKG, also known as Gold Dollar, is a state-backed stablecoin developed in partnership with the Republic of Kyrgyzstan. It is pegged 1:1 to the US dollar and fully backed by physical gold reserves held by the Kyrgyz Ministry of Finance. The project aims to provide a stable, transparent digital asset for cross-border payments, remittances, and international trade, leveraging blockchain for fast, borderless settlements while mitigating volatility through gold collateralization. The stablecoin operates on a multi-chain framework, allowing integration with various blockchains for liquidity and accessibility. Reserves are subject to independent audits to ensure full backing, with overcollateralization to account for gold price fluctuations. Holders can redeem USDKG for physical gold in Kyrgyzstan, equivalent fiat currency via banks, or other cryptocurrencies like USDT, offering flexible redemption options. Kyrgyzstan positions USDKG as a sovereign alternative to traditional stablecoins and CBDCs, targeting expansion into Central Asia, Southeast Asia, and the Middle East. By combining gold's historical stability with modern blockchain technology, it seeks to foster financial inclusion and position the country as a Web3 hub.
USDKG participates in Cointelegraph AMA on stablecoins, RWAs, and gold-backed features.
Links
x.com/usdkg_officialParticipating in an AMA hosted by Cointelegraph on 2026-01-30 at 09:00 EST to discuss stablecoins, RWAs, and the project's gold-backed stablecoin features.
Sponsors Consensus Hong Kong conference as a 5 Block Sponsor in February 2026.
Kyrgyzstan officially issues USDKG as a national stablecoin with an initial scale exceeding $50 million.
Backed by gold reserves including 40 tons in vault and 1,000 tons in ground, with 30 tons exported annually, not GENIUS compliant.
Team presents at Token2049 Singapore, actively discussing partnerships and regulatory pathways for gold-backed payments.
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Minister of Finance officially endorses the stablecoin project, advancing compliant digital asset adoption in the country.
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Big Four audit begins as Kyrgyzstan considers legal tender status within 3 months.
New government-backed stablecoin launching Q3 2025 with $500M gold reserves, scaling to $2B.
New gold-backed stablecoin launches Q3 with $500M backing, plans $2B expansion.
Gold-backed stablecoin launching Q3 2024 with $500M initial backing, expanding to $2B reserves; Binance founder proposes BTC/BNB integration.
Gold-backed stablecoin launches Q3 with $500M initial reserves, targeting $2B expansion.
New government-backed stablecoin launching Q3 with $500M gold backing for Central Asian cross-border trade.
Central bank of Kyrgyzstan launches gold-backed stablecoin pegged to USD, aimed at expanding digital financial services.
Gold-backed stablecoin launching in Q3 2024, announced by project advisor at Token2049 Dubai.
Gold-backed stablecoin emerges as key financial tool in CIS region, supporting de-dollarization efforts.
First government-supported stablecoin with real-time blockchain proof of gold reserves launches with Ministry of Finance oversight.
Newly launched gold-backed stablecoin from Kyrgyzstan.