Overview
- The KGST stablecoin launched on BNB Chain, with multiple outlets reporting a 1:1 peg to the Kyrgyzstani som and registration in the State Register of Digital Assets.
- The legally recognized digital som is slated for a three-stage pilot covering commercial-bank transfers, Central Treasury payments, and offline or low-connectivity transactions.
- President Sadyr Japarov tasked officials with securing KGST listings on international platforms and delivering a national crypto reserve plan within roughly two months.
- A national cryptocurrency reserve has been established and will include Binance’s BNB, while Binance supports capacity building through university partnerships, law-enforcement training, app localization, and public meetups.
- Reporting diverges on the currency peg, with most coverage citing a som peg and at least one outlet describing a ruble linkage.