Kyrgyzstan and the UAE are taking significant steps in developing digital finance, creating new stablecoins with unique characteristics and backing
Kyrgyzstan plans to launch USDKG – a state-backed stablecoin with a gold reserve and pegged to the US dollar – in the third quarter of 2025, targeting cross-border payments and international trade in Central Asia. Simultaneously, in the UAE, the country’s largest financial institutions, under the supervision of the Central Bank of the UAE, are issuing a stablecoin backed by the dirham, with the aim of accelerating and reducing the cost of payments, as well as developing the digital economy.

Both projects – USDKG and the UAE stablecoin – reflect modern trends in digital finance, combining state regulation, backing with real assets, and advanced blockchain technology.

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