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>>Kyrgyzstan introduces a stablecoin and aims to roll out a national CBDC by 2026

Kyrgyzstan introduces a stablecoin and aims to roll out a national CBDC by 2026

crypthub

5 days ago

KGST Stablecoin Launch

Kyrgyzstan introduced the KGST stablecoin, fully backed 1:1 by the national som and built on the BNB Chain. The initiative was announced by President Sadyr Japarov and supported by CZ, former Binance head. KGST will be listed on international platforms within two months, pending a regulatory framework.

National Crypto Reserve and CBDC Roadmap

The government will form a crypto reserve holding BNB and other digital assets. It also plans a central bank digital currency (CBDC) with pilot testing of the digital som by the National Bank. The rollout follows three phases: linking commercial banks, integrating with the Central Treasury, then offline transaction trials, with a final launch no earlier than 2026.

Education, Innovation and Future Plans

Kyrgyzstan aims to boost digital literacy by training blockchain and AI specialists through ministries and Binance Academy at ten universities. The president called for comprehensive virtual‑asset legislation. By 2028, all state services are intended to operate on blockchain, positioning the country as a regional leader in digital finance.