Kyrgyzstan Launches National Stablecoin on Binance’s BNB Chain – Here’s Why It Matters
Kyrgyzstan’s Bold Step into State-Backed Crypto In a landmark for Central Asia, Kyrgyzstan has officially introduced a national digital currency in two forms: a som-pegged stablecoin and a central bank digital currency pilot. President Sadyr Japarov announced that the new stablecoin “KGST” – designed to maintain a 1:1 value with the Kyrgyzstani som – launched on Binance’s BNB Chain reuters.com. Simultaneously, the government unveiled a digital version of the som (a CBDC) now ready for government payment use reuters.com. This dual launch positions Kyrgyzstan among the first countries worldwide to deploy both a stablecoin and a CBDC together. It’s a