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Kyrgyzstan launches KGST stablecoin on BNB Chain, confirms CBDC pilot and national crypto reserve plans with ex-Binance CEO CZ.
Author: Akshat Thakur
October 26, 2025: In a major digital finance milestone, Kyrgyzstan launches stablecoin KGST on the BNB Chain, becoming one of the first nations in Central Asia to issue a blockchain-based currency pegged 1:1 to the Kyrgyzstani som.
The move was announced following a meeting between President Sadyr Japarov and former Binance CEO Changpeng “CZ” Zhao, where Kyrgyzstan also confirmed plans for a central bank digital currency (CBDC) and a national crypto reserve.
The KGST stablecoin will operate on BNB Chain, aiming to support both domestic and international transactions in a stable, transparent format.
According to local media outlet KG24, Kyrgyzstan’s crypto committee will oversee the stablecoin’s international listings and deliver proposals for a national digital asset reserve within two months.
President Sadyr Japarov highlighted that digital assets will play a crucial role in financial inclusion, payments efficiency, and foreign investment, while ensuring strict regulatory oversight.
The National Bank of the Kyrgyz Republic confirmed that the digital som pilot will progress in three stages, developed in partnership with Build Block TECH.
“After successfully piloting all three phases, the platform will be rolled out nationally and scaled,” the bank stated.
While an official CBDC launch decision is not expected until late 2026, Kyrgyzstan’s roadmap aligns it with global digital currency leaders such as The Bahamas, Nigeria, and Jamaica.
Education is emerging as a parallel priority. President Japarov instructed ministries to introduce digital financial literacy initiatives and training programs in blockchain and AI.
CZ Zhao confirmed that Binance Academy will partner with 10 Kyrgyz universities to deliver localized blockchain education and translate the Binance app into Kyrgyz.
“This collaboration will empower young developers and prepare the workforce for the blockchain-driven economy,” said CZ.
Under the plan, the National Council for Virtual Assets and Blockchain Technologies will design a framework for a crypto-backed reserve, potentially including BNB and BTC as core assets.
Kyrgyzstan aims to leverage digital reserves for liquidity management and cross-border trade, echoing models under study in Kazakhstan and the UAE.
The new framework could position Kyrgyzstan as Central Asia’s first hybrid CBDC-stablecoin economy, blending sovereign control with blockchain transparency.
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