Since Kyrgyzstan took control of the Kumtor gold mine in 2021, gold production has steadily fallen. Revenue from the Kumtor mine for the state budget has decreased even as the price of gold has risen.

🇰🇬 JUST IN: USDKG, a gold-backed stablecoin pegged to the US dollar, may become legal tender in Kyrgyzstan within 3 months as Big Four audit begins. [In Collaboration with @USDKG_Official ...

Minister for Power Sardar Awais Ahmad Khan Leghari has expressed a strong desire to enhance trade relations with Kyrgyzstan.

Gold Dollar (USDKG), a gold-backed stablecoin of Kyrgyzstan, merges gold's stability with blockchain efficiency, enabling secure and transparent transactions for both institutions and individual ...

Kyrgyzstan has announced its plans to launch USDKG, a gold-backed stablecoin pegged to the U.S. dollar. The project will initially be backed by $500M in gold reserves. During the 2025 Token2049 ...