Kyrgyzstan has launched KGST, a stablecoin backed 1:1 by its national currency, the som, which is now listed on Binance. Binance CEO Changpeng Zhao supports this initiative and promises more country-backed stablecoins to launch on Binance. Additionally, Kyrgyzstan has issued a gold-backed USD-pegged stablecoin and plans to pilot a CBDC and create a national crypto reserve.

#CBDC #CZ