2025-12-25 01:26:18

The country's stablecoin deployment has taken another step forward. Kyrgyzstan's official fiat-backed stablecoin KGST has just been officially launched on a major exchange, announced personally by the president. The SOM pegged KGST is now tradable. This represents a new breakthrough in the cross-border payment sector.

But this is not just a small progress for a Central Asian country; it reflects a larger trend in global crypto infrastructure—national-level digital currency strategies are accelerating their implementation. The exchange also stated that more government-supported stablecoins will be integrated in the future. As early as April this year, the exchange had already provided technical and policy consulting for Kyrgyzstan, and now it seems the progress is clearly speeding up.

At the same time, Kyrgyzstan has launched another innovative product—the gold-backed US dollar stablecoin USDKG, issued for the first time on a public blockchain, with an initial supply set at 50 million tokens. A Central Asian country with a population of only 7 million is moving so quickly in the digital asset ecosystem: legislative improvements, reserve allocations, industry support—almost comprehensive development.

The truly interesting question is: when small countries successfully run the "national stablecoin + major exchange" model, will larger countries with bigger populations and economies just sit and wait? Probably not. A new round of national-level crypto competition might already be underway behind the scenes.

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BagHolderTillRetire

· 11h ago

Central Asian small countries are starting to adopt national stablecoins, while we are still watching the excitement. Once this model is successful, it won't stop. How can big countries just watch? Gold-backed fiat currency anchoring, Kyrgyzstan's move is indeed aggressive. The real competition is just beginning, everyone is holding back. A stablecoin personally endorsed by the president indicates this is no longer a small matter. With a population of 7 million, they can do so comprehensively; the national conditions are different. Alright, alright, another new cross-chain payment direction is coming, waiting to be exploited. Compliance + exchange endorsement, this is the right path. Small countries lead the way in trying new things, big countries will definitely jump in last. Can the SOMM peg work? It depends on subsequent trading volume and liquidity. A national-level crypto race, another new opportunity, waiting to be proven wrong. If this model is replicated in Southeast Asia, the results will definitely be different. What is Central Asia up to? They are reacting so quickly now...

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LootboxPhobia

· 12-25 01:54

Now it's really getting intense, small countries are rushing to land and establish a foothold.

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SmartMoneyWallet

· 12-25 01:51

50 million USDKG initial supply, the flow of funds depends on the subsequent release curve. Retail investors are about to get cut again. Small countries are the first to test the waters, while big countries have long been secretly laying out their chips. This set of manipulation techniques is still the same. Can the liquidity data of the stablecoin endorsed by the president's endorsement be made public? Just check the on-chain data to verify its authenticity. A country with a population of 7 million is acting so quickly, indicating that big funds have long been optimistic about this direction. The problem is, by the time you follow up, you're already the bag holder.

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FloorPriceNightmare

· 12-25 01:45

Now it's all good. Small countries are starting to race ahead. Can the big countries sit still?

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PseudoIntellectual

· 12-25 01:43

Central Asian small countries are starting to adopt national stablecoins, while major powers are still dragging their feet... This pace is quite interesting. --- Gold-backed fiat currency peg, Kyrgyzstan's combination punch is indeed straightforward. --- A country with a population of 7 million dares to do this, what does it imply? --- The president personally endorses and announces, this is a serious signal. --- Exchanges are proactively consulting on technical solutions, now it looks like preparation. --- USDKG with an initial supply of 50 million, how was this number determined? --- Wait, is this a demonstration for larger countries' competition? --- Small countries first test the model, big countries can only follow suit later. --- SOM and USD dual stablecoins, they are thinking quite thoroughly. --- National-level competition has already begun, it's just that no one is openly saying it.

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LowCapGemHunter

· 12-25 01:37

Small Central Asian countries are all using national stablecoins. Can the major powers tolerate this? The covert battle has definitely already begun.

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