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According to Techub News, as reported by CoinDesk, Kyrgyzstan plans to launch a USD-pegged stablecoin called USDKG in the third quarter. This stablecoin will be backed by $500 million in gold provided by the Kyrgyz Ministry of Finance, with plans to expand the reserves to $2 billion. Project advisor Gabriel Guerra stated at the Token2049 conference that USDKG is designed specifically for cross-border transactions and international trade, initially focusing on Central Asia, with future expansions planned for Southeast Asia and the Middle East.

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