Kyrgyzstan KGST Stablecoin on BNB Chain, CBDC Pilot Plans

Kyrgyzstan introduced the KGST stablecoin, pegged 1:1 to the som, on BNB Chain on October 25, ￰0￱ by the National Bank, it’s registered in the State Register of Digital ￰1￱ Sadyr Japarov announced the launch post a National Council ￰2￱ crypto committee will list KGST on global ￰3￱ Pilot Underway The National Bank began a three-phase digital som Central Bank Digital Currency (CBDC) ￰4￱ one connects commercial banks for ￰5￱ two links the Central Treasury for ￰6￱ three tests offline use. A 2026 evaluation will determine a full rollout, aiming for scalable national ￰7￱ Reserve Established Kyrgyzstan created a national cryptocurrency reserve, including ￰8￱ for its structure are due within two ￰9￱ co-founder Changpeng Zhao, an advisor, confirmed BNB’s ￰10￱ reserve targets financial stability and asset diversification, building on $10 billion in H1 2025 crypto ￰11￱ Partnership Expands Binance signed an MoU for crypto payments and localized its app in ￰12￱ also partnered with 10 universities through Binance Academy.

Zhao’s council involvement strengthens ties. Kyrgyzstan’s crypto exchange volume grew 47% from 2024, reflecting its push toward digital finance leadership.