Kyrgyzstan's Gold-Backed Dollar Pegged Stablecoin USDKG to Debut in Q3

Central Asian country Kyrgyzstan plans to debut the Gold Dollar, or USDKG, the gold-backed stablecoin pegged 1:1 with the U.S. dollar in the third quarter, project's advisor Gabriel Guerra told CoinDesk at the Token2049 conference in Dubai.The stablecoin, backed by $500 million in gold from the Kyrgyz Ministry of Finance, is designed to facilitate seamless cross-border transfers in a country where remittances account for 30% of the GDP source: https://www.coindesk.com/markets/2025/05/05/kyrgyzstan-s-gold-backed-dollar-pegged-stablecoin-usdkg-to-debut-in-q3