Kyrgyzstan Launches National Stablecoin, Sets Up Cryptocurrency Reserve: CZ

The state has besides legally recognized its cardinal slope integer currency (CBDC), the integer som, with plans to aviator government-related payments with it.

Updated Oct 25, 2025, 1:35 p.m. Published Oct 25, 2025, 1:35 p.m.

Kyrgyzstan is moving up with its nationalist cryptocurrency strategy, launching a stablecoin and preparing for a nationalist assemblage rollout of a cardinal slope integer currency (CBDC),according to Binance co-founder and erstwhile CEO Changpeng Zhao (CZ).

The caller stablecoin, believed to beryllium KGST, is pegged 1:1 to the nationalist currency, Kyrgyzstan’s Som, and is registered successful the State Register of Digital Assets. It differs from USDKG, a dollar-backed stablecoin backed by $500 cardinal successful golden reserves from the Kyrgyz Ministry of Finance planned to motorboat successful Q3.

At the aforesaid time, the country’s CBDC, the digital som, is present legally recognized and expected to beryllium piloted for government-related payments, CZ added.

This follows an April determination by President Sadyr Japarov to amend the country’s law law, giving the integer som ineligible tender status if afloat launched by the National Bank.

Kyrgyzstan is besides gathering retired a broader crypto infrastructure. It has created a nationalist cryptocurrency reserve that includes BNB, launched instrumentality enforcement grooming and signed connected Binance Academy to spouse with 10 universities.

Binance has besides localized its app successful Kyrgyz and hosted a 1,000-person meetup successful the capital, Bishkek, Zhao pointed out.

Sign, wherever CZ’s household money YZi Labs is an capitalist in, is besides moving with the Kyrgyz authorities connected astute declaration infrastructure, helium added.

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