$KGST is a stablecoin pegged 1:1 to the Kyrgyzstan Som (KGS - national fiat), belonging to the categories of national-backed stablecoins and de-dollarization

Kyrgyzstan has a large remittance volume (~$2-3B/year, accounting for ~20-30% GDP) but high fees (3-20%), $KGST will help reduce fees while supporting the CBDC "digital som".

The main advantage of $KGST:

• Supported by the government, reserves at the state bank

• Focusing on remittances and domestic payments in Central Asia

• Backed by CZ in terms of tech and marketing support

Strong on real-world adoption with very low de-peg risk, but not suitable for bullish speculation