Overview
- Officials announced a national stablecoin on BNB Chain pegged 1:1 to the som, with registration in the State Register of Digital Assets.
- The central bank’s digital som is legally recognized and described by Changpeng Zhao as ready for government-related payment pilots.
- A National Cryptocurrency Reserve has been created that includes Binance’s BNB token, an uncommon step for a sovereign portfolio.
- Binance’s role spans education with 10 universities, law-enforcement training, a fully localized Kyrgyz app, and partnerships involving EthSign and YZi Labs.
- The rollout comes as Kyrgyzstan heads to a snap parliamentary election on November 30, drawing heightened political and market attention.