Central Asian country Kyrgyzstan has made another major move in its cryptocurrency policy. On December 25th, the country's President Sadyr Japarov officially announced that the domestic fiat currency "Som" pegged stablecoin KGST has been officially listed on a leading exchange, marking another step forward in Kyrgyzstan's national-level crypto infrastructure development.

In his statement, the president mentioned that the launch of KGST will promote the upgrade of the country's cross-border payment system and strengthen Kyrgyzstan's participation in the global crypto ecosystem. Subsequently, an exchange official stated that more country-backed stablecoins will be launched successively in the future.

This inland country with a population of about 7 million has shown a clear shift in attitude towards digital assets over the past year. As early as April this year, the government began collaborating with industry leaders to seek technical and policy support. By September, Kyrgyzstan had further advanced relevant legislation, planning to establish a national digital asset reserve and expand the domestic digital industry.

In addition to KGST, the country also launched another stablecoin, USDKG, backed by physical gold. This token was initially issued on the Tron network with an initial supply of 50 million tokens, and the official plan is to expand it to the Ethereum network later. This strategic combination indicates that Kyrgyzstan is systematically building its own crypto financial system.