The Cabinet plans to release the KGST stablecoin in 2026-2027.
The issuance is scheduled for the period from the first quarter of 2026 to the third quarter of 2027.
According to the presented document, the stablecoin will be pegged to the national currency at a ratio of 1:1. To ensure liquidity, the creation of trading pairs with other stablecoins and digital assets, such as USDT and USDC, is planned, as well as listing on an international cryptocurrency exchange.
Note:
Stablecoins are crypto assets that aim to maintain a stable value relative to a specific asset or a basket of assets. Unlike other cryptocurrencies, the primary goal of a stablecoin is to maintain a fixed parity with a specific currency.
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