Kyrgyz Som-Backed Stablecoin KGST is Now Live on Binance, President Confirms

Kyrgyzstan President Sadyr Japarov confirmed Wednesday that the nationwide currency-backed stablecoin, dubbed ‘KGST,’ has been listed on the Binance trade.

The mission was developed and deployed on BNB Chain, which helps scalable and cost-effective blockchain infrastructure.

“I congratulate the KGSToken growth workforce and all mission members on BNB Chain on a profitable launch,” he wrote on X.

KGST has turn into the primary stablecoin from the Commonwealth of Independent States (CIS) to be listed on a worldwide crypto trade platform, he added.

Greetings everybody!
Today I obtained vital and actually landmark information — the Kyrgyz stablecoin KGST has been listed on the worldwide cryptocurrency trade Binance @binance. KGST @KGSToken is backed 1:1 by the nationwide forex of the Kyrgyz Republic, the som.

I congratulate the… pic.twitter.com/U8dNPsKA6y

— Sadyr Zhaparov (@sadyrzhaparovkg) December 24, 2025

Furthermore, the stablecoin, linked to the Kyrgyzstan Som, will contribute to the nation’s cross-border funds and deepen its presence within the world crypto area.

Binance CZ Says “Many More” Stablecoins to Come

In response to President Japarov’s submit, Binance founder Changpeng Zhao, also referred to as CZ, acknowledged that Binance would checklist “many extra” nation-backed stablecoins.

KGST
First nation backed stablecoin
On @BNBCHAIN

Many extra to return.

ps, that gold bar I had on stage with Peter, was actual (to the most effective of my information) from KG. Guess what’s coming subsequent? https://t.co/9vqD7I1Djf

— CZ BNB (@cz_binance) December 24, 2025

CZ additionally referred to a gold bar he used throughout a Bitcoin versus gold debate, including that the bar got here from Kyrgyzstan.

Zhao joined as an advisor to Kyrgyzstan on crypto and blockchain-related developments in April. He provides infrastructural, technological assist, technical experience, and consulting companies on crypto, alongside implementing instructional initiatives.

CZ has additionally “formally and unofficially” joined as an advisor to a couple governments on their crypto regulatory frameworks.

The Central Asian nation has a complete of over 126 licensed crypto companies as of late 2025. These corporations have collectively reached a complete turnover of $4.2 billion, marking a brand new report for the trade.

Further, a Statista report anticipates that the variety of crypto customers in Kyrgyzstan will quantity to 484.06k by the 12 months 2026.

Kyrgyzstan Launches USD-Pegged Stablecoin Backed by Gold

Additionally, the nation has additionally launched a US greenback–pegged stablecoin backed by bodily gold. The token – USDKG – was first deployed on the Tron community with a reported preliminary issuance of fifty million items. The nation has plans to broaden the stablecoin to the Ethereum blockchain.

In a separate announcement on Wednesday, Cabinet Chairman Adylbek Kasymaliev stated on the Kyrgyz Parliament that the nation accomplished first issuance of the USDKG stablecoin.

A complete of fifty million tokens have been launched on this preliminary issuance, per the Kyrgyz National News Agency Kabar. Kasymaliev additionally revealed that the event of KGST is underway.

Besides, the government also confirmed plans to pilot a central financial institution digital forex (CBDC) and set up a nationwide crypto reserve.

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