KGST, a stablecoin pegged to Kyrgyzstan's som, has been listed on Binance. This announcement was made by Kyrgyzstan's President Sadyr Japarov and acknowledged by Binance founder Changpeng Zhao, who anticipates more state-backed stablecoins appearing on Binance. Earlier, Kyrgyzstan had appointed Zhao as a crypto policy advisor and launched the gold-backed USDKG stablecoin pegged to the U.S. dollar.

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