Kyrgyzstan is set to release a som-pegged stablecoin, KGST, on the BNB Chain blockchain. The country is also preparing to test CBDC, announced President Sadyr Japarov.
We successfully held the second meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies. Following the meeting, key tasks for the near future were defined.
After the event, there was an opportunity to discuss, in an informal setting,… pic.twitter.com/7esefk814E
— Sadyr Zhaparov (@sadyrzhaparovkg) October 24, 2025
On October 24, the head of state held a meeting with the National Council for the Development of Virtual Assets and Blockchain Technologies, instructing the launch of the “stable coin” and considering its listing on international platforms.
The agency was tasked with presenting proposals for creating a state cryptocurrency reserve within two months.
Binance founder Changpeng Zhao (CZ) participated in the meeting. On October 26, the businessman confirmed the successful launch of the national stablecoin and the imminent CBDC pilot.
Updates from Kyrgyzstan🇰🇬
— The National Stablecoin launched, on @BNBChain
— The CBDC is ready for rollout. Yes, both. CBDC will be used for gov related payments, etc
— The National Cryptocurrency Reserve set up, #BNB included
— LE training
— Binance Academy with 10 top… https://t.co/KPrL0pnsWG pic.twitter.com/SInh5aCPMZ— CZ 🔶 BNB (@cz_binance) October 25, 2025
CZ added that Kyrgyzstan is laying the groundwork for creating a cryptocurrency reserve, which includes BNB.
“Yes, both will be used for government payments and so on,” Zhao clarified.
According to him, Binance is a minority investor in the national initiative. The exchange will provide government consultation and infrastructure development.
Back in April, the founder of Binance became an advisor to the Kyrgyz government on cryptocurrency and blockchain matters.