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Kyrgyzstan launched a national stablecoin, KGST, on Binance’s BNB Chain.
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The government is also preparing a digital som (CBDC) pilot program.
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The state plans to create a cryptocurrency reserve that will include BNB tokens.
BNB-Linked Stablecoin Debuts in Central Asia
Kyrgyzstan has introduced KGST, a stablecoin pegged 1:1 to the national som currency, developed in partnership with Binance founder Changpeng “CZ” Zhao.
President Sadyr Japarov announced the launch following a meeting of the National Council for Virtual Assets, noting that the initiative is part of a wider digital finance modernization effort.
CBDC Pilot and Crypto Reserve Plans
Alongside the stablecoin, the National Bank of Kyrgyzstan will pilot a digital som central bank digital currency, beginning with interbank transfers before expanding to government and social payments.
The government also instructed the council to create a state cryptocurrency reserve, which will include BNB tokens.
Driving Cross-Border Integration
Officials said KGST will be used for international settlements and later integrated with the digital som to improve cross-border payments.
BNB’s price rose 0.5% to $1,114 following the news, extending its strong performance amid growing adoption of Binance-linked initiatives worldwide.
