Kyrgyzstan's som-pegged KGST and gold-backed USDKG stablecoins debut on Binance and Tron

On December 24, 2025, Kyrgyzstan's President Sadyr Japarov announced the launch of the KGST stablecoin on Binance, pegged to the national currency, the som. The country also introduced USDKG, a gold-backed stablecoin pegged 1:1 to the US dollar on the Tron network with an initial supply of about 50 million tokens, and signaled plans to extend it to Ethereum.