{"id":90288,"date":"2025-10-26T10:18:22","date_gmt":"2025-10-26T08:18:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90288"},"modified":"2025-10-26T09:20:14","modified_gmt":"2025-10-26T07:20:14","slug":"kyrgyzstan-plans-launch-of-stablecoin-and-cbdc","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/kyrgyzstan-plans-launch-of-stablecoin-and-cbdc\/","title":{"rendered":"Kyrgyzstan Plans Launch of Stablecoin and CBDC"},"content":{"rendered":"<p>Kyrgyzstan is set to release a som-pegged stablecoin, KGST, on the BNB Chain blockchain. The country is also preparing to test <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-central-bank-digital-currency-cbdc\">CBDC<\/a>, announced President Sadyr Japarov.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">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.<\/p>\n<p>After the event, there was an opportunity to discuss, in an informal setting,\u2026 <a href=\"https:\/\/t.co\/7esefk814E\">pic.twitter.com\/7esefk814E<\/a><\/p>\n<p>\u2014 Sadyr Zhaparov (@sadyrzhaparovkg) <a href=\"https:\/\/twitter.com\/sadyrzhaparovkg\/status\/1981737162640080986?ref_src=twsrc%5Etfw\">October 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On October 24, the head of state <a href=\"https:\/\/24.kg\/english\/348457_President_instructs_to_launch_KGST_stablecoin_and_start_digital_som_testing\/\">held<\/a> a meeting with the National Council for the Development of Virtual Assets and Blockchain Technologies, instructing the launch of the &#8220;stable coin&#8221; and considering its listing on international platforms.<\/p>\n<p>The agency was tasked with presenting proposals for creating a state cryptocurrency reserve within two months.<\/p>\n<p>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.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Updates from Kyrgyzstan\ud83c\uddf0\ud83c\uddec<br \/>\u2014 The National Stablecoin launched, on <a href=\"https:\/\/twitter.com\/BNBCHAIN?ref_src=twsrc%5Etfw\">@BNBChain<\/a><br \/>\u2014 The CBDC is ready for rollout. Yes, both. CBDC will be used for gov related payments, etc<br \/>\u2014 The National Cryptocurrency Reserve set up, <a href=\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&#038;ref_src=twsrc%5Etfw\">#BNB<\/a> included<br \/>\u2014 LE training<br \/>\u2014 Binance Academy with 10 top\u2026 <a href=\"https:\/\/t.co\/KPrL0pnsWG\">https:\/\/t.co\/KPrL0pnsWG<\/a> <a href=\"https:\/\/t.co\/SInh5aCPMZ\">pic.twitter.com\/SInh5aCPMZ<\/a><\/p>\n<p>\u2014 CZ \ud83d\udd36 BNB (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1982028486790328802?ref_src=twsrc%5Etfw\">October 25, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>CZ added that Kyrgyzstan is laying the groundwork for creating a cryptocurrency reserve, which includes BNB.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Yes, both will be used for government payments and so on,&#8221; Zhao clarified.<\/p>\n<\/blockquote>\n<p>According to him, Binance is a minority investor in the national initiative. The exchange will provide government consultation and infrastructure development.<\/p>\n<p>Back in April, the founder of Binance <a href=\"https:\/\/forklog.com\/en\/news\/cz-to-advise-kyrgyz-government-on-cryptocurrency-matters\">became<\/a> an advisor to the Kyrgyz government on cryptocurrency and blockchain matters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":1,"featured_media":90289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Kyrgyzstan to launch som-pegged stablecoin KGST and test CBDC, says President Japarov.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[1144],"tags":[1095,141,807],"class_list":["post-90288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-longreads","tag-cbdc","tag-kyrgyzstan","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"212","promo_type":"1","layout_type":"1","short_excerpt":"Kyrgyzstan to launch som-pegged stablecoin KGST and test CBDC, says President Japarov.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90288"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90288\/revisions"}],"predecessor-version":[{"id":90290,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90288\/revisions\/90290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90289"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}