Kyrgyzstan launches stablecoin on BNB Chain, confirms future CBDC rollout

Kyrgyzstan launches stablecoin on BNB Chain, confirms future CBDC rollout

Kyrgyzstan launched the KGST stablecoin, pegged 1:1 to the som on BNB Chain, signaling rapid crypto adoption. At the National Council for Virtual Assets' second meeting, President Sadyr Japarov and advisor CZ (former Binance CEO) confirmed a three-stage digital som CBDC pilot: bank transfers, government payments, and offline transactions, with full rollout by end-2026. CZ announced Binance Academy's integration with 10 universities and app localization. The government eyes a national crypto reserve including BNB, boosting financial inclusion and blockchain innovation in Central Asia.