Independent audit verifies gold reserves backing Kyrgyzstan’s USDKG stablecoin
An unbiased audit has formally verified the bodily gold reserves backing USDKG, the gold-backed stablecoin launched underneath the regulatory framework of the Kyrgyz Republic. The evaluation confirms that the total reserve amount, chain of custody, and valuation align with the issuance of the primary 50 million USDKG tokens, reinforcing the stablecoin’s place as probably the most clear commodity-backed digital property out there.
The audit was carried out by Kreston Global, a significant worldwide accounting community. Their evaluation adopted ISRS 4400, Agreed-Upon Procedures Engagements, and included bodily inspection, documentation checks, valuation evaluation, contractual verification, and on-chain pockets management testing. The auditors confirmed the presence of 30 gold bars, totaling roughly 376 kilograms, all sealed, stamped, and saved in a safe vault operated by a licensed non-public reserve supervisor.
According to the report, the gold reserves have been valued at 50.3 million U.S. {dollars} primarily based on LBMA pricing as of November 28, 2025. At the time of the audit, the worth of the reserves exceeded the amount of USDKG in circulation. This establishes a better normal of collateralization than usually seen in asset-backed stablecoins, the place real-time bodily reserve audits stay uncommon.
The audit additionally tracked the full switch path of the gold reserves. Kreston reviewed documentation confirming motion from the Ministry of Finance to the non-public reserve administration entity after which to the safe banking facility. Serial numbers, weight certificates, purity particulars, acceptance acts, and storage contracts have been all examined for consistency, whereas the 15 sealed containers containing the bars have been checked towards the official packing lists.
In addition to the bodily reserve inspection, Kreston verified management of the official Ethereum and Tron good contract wallets used for USDKG issuance. The auditors requested on-chain transactions to verify energetic management, additional reinforcing the challenge’s transparency claims and bridging the hyperlink between token provide and verified reserves.
The publication of the audit addresses a number of of the most typical issues surrounding gold-backed digital property.
Some observers view gold as outdated or disconnected from fashionable monetary infrastructure. However, the presence of bodily inspected and independently confirmed bullion gives a type of collateral that’s clear, measurable, and insulated from industrial financial institution publicity. This stands in distinction to weaknesses continuously highlighted in fiat-backed fashions, the place reserve visibility will be restricted.
The audit findings additionally assist make clear the challenge’s strategic intent. USDKG is denominated in U.S. {dollars} and constructed for world interoperability, which positions it as a predictable and compliant asset quite than a participant in forex rivalry. While the stablecoin is supervised inside the Kyrgyz Republic’s regulatory framework, its objective is financial effectivity and clear worth switch, not geopolitical signaling. This distinction issues as governments and establishments more and more consider how asset-backed stablecoins match into worldwide monetary methods.
The challenge’s working construction additional helps this positioning. USDKG is supervised by the Ministry of Finance however operated independently by a licensed non-public entity. This design gives state-level oversight with out political affect in operational selections and helps align the challenge with worldwide finest practices.
The findings arrive throughout a interval of broader market curiosity in commodity-backed stablecoins. Tether just lately turned one of many largest non-public holders of gold, signaling a shifting choice amongst establishments and crypto market contributors towards reserves backed by actual, verifiable property. USDKG joins this rising class with a degree of transparency that features each absolutely public good contracts and now an in depth third-party audit of bodily holdings.
The Kyrgyz Republic has spent the previous a number of years establishing a clear authorized construction for digital property, together with licensing for miners, exchanges, token issuers, and custodial service suppliers. USDKG displays the trajectory of those insurance policies by pairing innovation with regulatory self-discipline. The audit strengthens credibility with exchanges, institutional companions, and regulators evaluating gold-backed digital property and presents a reference level for a way rising markets can construct accountable, asset-backed monetary devices with documented reserves.
With the audit now printed on USDKG’s official web site, they’re taking a major step towards establishing belief in a class the place transparency usually falls quick. The mixture of verifiable bodily collateral, seen on-chain knowledge, and adherence to worldwide reporting requirements offers the stablecoin a framework designed for long-term reliability and world interoperability.
Media contact
William Campbell
Lead Advisor
William@USDKG.com
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