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Kyrgyzstan Teams Up with Binance to Launch National Stablecoin
Central Asian country Kyrgyzstan has partnered with Binance to officially launch its national stablecoin KGST. This stablecoin operates on Binance's BNB chain and is pegged 1:1 to the local fiat currency, the Som. This is a significant achievement since the cooperation agreement signed last April, aimed at promoting the adoption of cryptocurrency and blockchain technology in the country.
CZ shared this progress on social media after meeting with the Kyrgyzstan National Virtual Assets and Blockchain Technology Development Committee. In addition to the stablecoin, the country has also completed its central bank digital currency development plan and is about to initiate issuance.
CZ shared this progress on social media after meeting with the Kyrgyzstan National Virtual Assets and Blockchain Technology Development Committee. In addition to the stablecoin, the country has also completed its central bank digital currency development plan and is about to initiate issuance.
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