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Kyrgyzstan is making waves in the financial world by adopting USDKG, a gold-backed stablecoin, as legal tender. The move aims to modernize the country’s financial infrastructure and boost public trust in digital transactions. With crypto mining tax revenues surging, Kyrgyzstan is doubling down on digital and gold-backed currencies.
- USDKG is a gold-backed stablecoin pegged to the U.S. dollar, with initial gold reserves of $500 million set to grow to $2 billion.
- Kyrgyzstan's crypto mining tax revenue jumped 30% in Q1 2025, highlighting the sector's rapid growth.
- Binance has partnered with Kyrgyzstan to promote crypto payments and blockchain education through Binance Pay and Binance Academy.
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