Kyrgyzstan launches $50M gold-backed USDKG stablecoin to modernize cross-border payments
Kyrgyzstan has formally launched USDKG, a gold-backed stablecoin pegged 1:1 to the U.S. greenback, with an preliminary concern of $50 million. The token is issued on Tron and totally audited by ConsenSys Diligence, with future growth slated to embody Ethereum assist. The issuer, OJSC Virtual Asset Issuer, is a state-owned entity beneath the Ministry of…