Kyrgyzstan

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

27 October 2025

Connecting the Peaks: Internet Access in Kyrgyzstan’s Digital Landscape

The World Bank–funded Digital CASA project is deploying over 2,500 km of fiber, establishing 30 backbone nodes and 200 local access points, and will connect about 4,000 public facilities nationwide to high-speed broadband. As of late 2023, 4G/LTE mobile networks cover 98.8% of Kyrgyzstan’s inhabited localities. Internet penetration reached about 79.8% of the population by early 2024, amounting to roughly 5.41 million internet users in a country of 6.8 million people. Urban areas account for about 38% of the population with dense coverage, while rural areas, home to about 62%, have slower connectivity. Kyrgyzstan’s mobile market is dominated by MegaCom

20 June 2025

Connectivity · Digital Development · Internet Access · Kyrgyzstan · NASDAQ:VEON · Technology