Kyrgyzstan's national stablecoin KGST officially launched, expanding the Central Asian crypto ecosystem map

2025-12-25 00:06:11

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【Blockchain Rhythm】Another national-level stablecoin is here. On December 25th, Kyrgyzstan President Sadyr Japarov officially announced that the stablecoin KGST, anchored to the national fiat currency Som, has been officially launched on a major exchange. This marks an important step for this Central Asian landlocked country in its cryptocurrency infrastructure development.

In his statement, the president emphasized that the launch of KGST will promote the development of cross-border payments and further deepen Kyrgyzstan’s integration with the global crypto ecosystem. Well-known industry figures subsequently stated that more stablecoins supported by countries will be introduced in the future.

This is no coincidence. As early as April this year, this prominent figure began providing technical and policy consulting to the government. The country, with a population of about 7 million, has shown a clear shift in attitude towards digital assets over the past year — by September, they had directly started legislative procedures, planning to establish a national crypto reserve and expand the domestic digital asset industry.

In addition to KGST, Kyrgyzstan recently issued a USD stablecoin, USDKG. The special feature of this token is that it is backed by physical gold. It is currently live on the Tron network with an initial supply of 50 million tokens, with plans to also launch on Ethereum in the future.

From zero to existence, from observation to action, this Central Asian country is breaking the boundaries of traditional finance with real projects.

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HalfPositionRunner

· 4h ago

Kyrgyzstan has already launched a national-level stablecoin, while we are still waiting to see the Federal Reserve's stance. National teams are entering the market one after another, and this race is becoming more and more competitive. With such fierce competition among stablecoins, can KGST stand out with its differentiation? It's the same old story about cross-border payments... whether it's true or not depends on trading volume. As Central Asia gradually opens up, could this be the next blue ocean? Small countries are starting to issue stablecoins, while big countries are still hesitating. Launching KGST on top-tier exchanges is enough; liquidity is the key. This advisor is really good at brainwashing small countries, haha. How is the exchange rate of SOM to USD? That determines whether KGST will be attractive. With more national-level stablecoins, how many will survive in the end?

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ILCollector

· 4h ago

Another small country is launching a stablecoin. Can this wave continue? Country stablecoins are popping up everywhere; it feels a bit excessive. Kyrgyzstan? Never heard of it. Most are just follow-the-leader projects. It's always the same story about cross-border payments; I'm tired of hearing it. Central Asia is really starting to make moves; it's quite interesting. Having more stablecoins actually makes them cheaper, which is quite ironic. I usually avoid coins from small countries; the risk is too high. Even at the national level, it’s not necessarily a good deal; it still depends on the fundamentals. Is Kyrgyzstan serious this time? We need to keep an eye on it. The presidential announcement sounds impressive, but liquidity is the key. In the past two months, several new stablecoins have appeared again; bubble warning.

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On-ChainDiver

· 4h ago

Kyrgyzstan has also taken action, making the Central Asian chess game more and more interesting. National-level stablecoins are launching one after another. Is this a collective bet on crypto? KGST is pegged to the Som... Honestly, this is the first time I've heard of this currency, but the official announcement by the president definitely indicates something. No one can escape this wave, even landlocked countries are starting to lay runways. Wait, has this guy been hyping them since April? That's interesting. Central Asian stablecoin triple play? Which country's surprise is next? The Som stablecoin is interesting, but I wonder how its liquidity is and whether it will be another air project. At this speed... legislation in September, launch in December, the efficiency is impressive. The domestic system should learn from this. The story of cross-border payments is back again. How many times have I heard this before? The key still depends on actual usage. The president endorses this, showing it's taken seriously. But how far it can go still depends on what happens next.

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MetaMisery

· 4h ago

Another country stablecoin, Central Asia is also starting to get involved The number of national-level stablecoins is increasing. Is this a trend or a bubble? It's hard to tell Kyrgyzstan is also joining the game? It seems no country can resist the charm of crypto Will this move just be political show? How far it can go depends on the situation SOM stablecoin launched, small Central Asian countries are racing to get ahead The president officially announced the stablecoin. Why are major powers still on the sidelines? Whether KGST is popular or not doesn't matter; the key is that the country's attitude is changing

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