🇰🇬 Kyrgyzstani som is now on Binance: A brilliant move or a digital experiment?
While the world debates cryptocurrency regulation, Kyrgyzstan is simply creating its own stablecoin $KGST on the BSC (BNB Chain) network. Tomorrow, December 24, this asset will be officially listed on Binance.
Why does this "undermine" the market? 💣
God's advisor (of crypto): the cherry on top — the strategic advisor to the government of Kyrgyzstan in this project is none other than Changpeng Zhao (#CZ ). It seems that after his departure, he found a new hobby — digitizing entire countries.
State reserve of $BNB : The country plans to create a national crypto reserve, and the BNB token will officially become part of it. This is a precedent that makes one think: will Kyrgyzstan become the new "El Salvador," but with a focus on the Binance ecosystem?
Stablecoin 1:1 to the som: $KGST fully backed by assets in state banks. This is not just a "shitcoin," but a state instrument for cross-border transfers and digitizing the economy.
