KGST, a stablecoin pegged to Kyrgyzstan’s currency, the som, has officially been listed on Binance.
This makes KGST the first stablecoin from a CIS country to appear on a global crypto platform. Kyrgyzstan’s President Sadyr Japarov called it “landmark news” for the country’s digital economy.
He said the coin will help expand the use of the national currency online, support cross-border payments, and integrate Kyrgyzstan further into the global crypto ecosystem.
KGST is a government-backed initiative developed with Binance and first launched in October 2025. The project builds on a partnership between Binance and Kyrgyzstan’s National Agency for Investments, with former Binance CEO Changpeng Zhao serving as an adviser for the country’s digital asset efforts. Zhao noted that KGST is the first nation-backed stablecoin listed on the BNB Chain, hinting that more are on the way.
The coin is pegged 1:1 to the Kyrgyzstani som and registered as a digital asset. Its launch followed months of development, testing, and a smart contract audit.
Kyrgyzstan has been actively pushing a pro-digital asset agenda. In September, parliament passed a law “On Virtual Assets,” creating a regulatory framework for licensing, state-led mining, and a national crypto reserve.
The country also introduced a gold-backed stablecoin, USDKG, pegged to the U.S. dollar and fully backed by physical gold. USDKG launched on the Tron network, with plans to expand to Ethereum in the future.
With KGST and USDKG, Kyrgyzstan is positioning itself as a forward-thinking player in digital finance, combining fiat-backed and commodity-backed crypto assets to modernize its economy.
