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Kyrgyzstan launches national stablecoin in partnership with Binance

News

25 Oct, 2025

Kyrgyzstan has launched a national stablecoin and a central bank digital currency (CBDC) in partnership with Binance, marking a significant step in the country's digital currency strategy.

Key Developments:

Stablecoin Launch: The new stablecoin, known as KGST, is pegged 1:1 to Kyrgyzstan's national currency, the som. It is registered in the State Register of Digital Assets and operates on Binance's BNB Chain.

CoinDesk

CBDC Introduction: The digital som, Kyrgyzstan's CBDC, has been legally recognized and is expected to be piloted for government-related payments.

CoinDesk

National Cryptocurrency Reserve: Kyrgyzstan has established a national cryptocurrency reserve that includes Binance Coin (BNB), signaling a strategic integration of digital assets into the country's financial infrastructure.

CoinGape

Educational Initiatives: Binance has partnered with 10 major universities in Kyrgyzstan to provide blockchain and cryptocurrency training, aiming to foster a new generation of blockchain experts.

CryptoRank

These initiatives position Kyrgyzstan as a leader in Central Asia's digital currency landscape, leveraging its partnership with Binance to enhance financial inclusion and technological advancement.

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