📌 TOPINDIATOURS Update crypto: Kyrgyzstan Launches $50M Gold-backed USDKG Stableco

Kyrgyzstan has officially launched USDKG, a gold-backed stablecoin pegged 1:1 to the U.S. dollar, with an initial issue of $50 million. The token is issued on Tron and fully audited by ConsenSys Diligence, with future expansion slated to include Ethereum support.

The issuer, OJSC Virtual Asset Issuer, is a state-owned entity under the Ministry of Finance, operating within the legal framework established by the 2022 Law on Virtual Assets of the Kyrgyz Republic. The initiative represents a first-of-its-kind model in Central Asia, merging sovereign oversight with blockchain transparency.

The launch ceremony was attended by Sadyr Japarov, President of the Kyrgyz Republic, Almaz Baketaev, Minister of Finance, and Biibolot Mamytov, CEO of Gold Dollar, the project’s operator. During the event, the dignitaries pressed a symbolic “Launch Issuance” button, officially initiating the circulation of USDKG tokens.

The issuance of USDKG is carried out by a company with 100% state participation, ensuring a high level of investor trust and institutional reliability. A total of 50,000,000 USDKG tokens have been issued, each fully backed by physical gold reserves. Operational control — including gold management — is delegated to a private company registered in the Kyrgyz Republic, under a contractual agreement with the USDKG issuer.

This separation of responsibilities ensures independent operational oversight and positions USDKG outside the classification of a Central Bank Digital Currency (CBDC). The company responsible for managing USDKG’s gold reserves, has outlined plans to expand the backing to $500 million in the next phase, with a long-term target of $2 billion.

The stablecoin is fully compliant with FATF KYC/AML standards, and redemptions require standard identity verification. It is designed to facilitate financial inclusion.

Kyrgyzstan is among the first nations in the region to establish a comprehensive digital-asset regulatory framework, setting a precedent for state-supervised virtual currencies. Government representatives emphasized that such initiatives aim to enhance economic transparency and trade efficiency, rather than serve any geopolitical agenda. Officials also noted that USDKG complements, rather than competes with, the national monetary system.

The project reframes traditional narratives around state-issued and commodity-backed digital assets. Its gold collateral serves as a verifiable, inflation-resistant foundation, aligning with a growing market preference for transparent, real-asset-backed stablecoins. By combining physical reserves with on-chain verification, USDKG introduces a model of measurable stability uncommon in the current stablecoin landscape. The state-backed structure provides a clear regulatory framework built on accountability and public oversight.

The Kyrgyz initiative underscores a broader trend toward responsible digital-asset innovation in emerging markets. The government’s focus on regulatory discipline, transparency, and tangible reserves signals a pragmatic approach to blockchain-based modernization.

With USDKG, Kyrgyzstan positions itself as a regional first-mover in regulated asset-backed digital currencies — both bridging traditional finance and blockchain infrastructure and maintaining full sovereign oversight.

The post Kyrgyzstan Launches $50M Gold-backed USDKG Stablecoin to Modernize Cross-border Payments appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com

📌 TOPINDIATOURS Eksklusif crypto: OKX and Deltix Boost US Institutional Trading Te

Major crypto exchange OKX has joined hands with Deltix to expand institutional trading capabilities for clients across the U.S. Per the announcement, the companies in this country will be able to access, for the first time, regulated digital-asset liquidity via the same infrastructure they use for equities and FX.

Deltix is a division of EPAM Systems, which provides digital development, software engineering, and product design services among others.

Moreover, this particular division offers institutional-grade trading and quantitative research platforms to funds, brokers, and trading firms across markets.

According to Ilya Gorelik, CEO of Deltix, the integration provides clients with a unified trading experience across traditional and digital markets.

Also, per the OKX press release, the partnership connects the worlds of traditional and digital asset markets. The former brings “mature infrastructure, sophisticated risk management, and regulatory guardrails,” while the latter boasts “innovation, transparency, and opportunity.”

Moreover, “several” quant funds and algorithmic trading firms already use the integration to extend digital-asset exposure within their quantitative and execution frameworks, the companies note.

One of them is Windy Financial. Its Head of Digital Strategies, Brian Petersen, commented that the partnership provides “a seamless, institutional-grade solution that lets us execute digital strategies […] without venturing into offshore or unregulated markets. It’s a powerful step forward for quantitative and institutional firms seeking high-performance, compliant market access.”

Digital and Traditional Markets on the Same Infrastructure

Institutions increasingly look to participate in digital-asset markets, the partners say. They expect the same level of governance, reliability, and performance as in TradFi.

“This partnership brings digital assets directly into the same infrastructure that professional traders and funds already rely on every day,” says Roshan Robert, OKX US CEO. It gives U.S. institutional clients regulated, onshore access to digital-asset markets.

At the same time, these institutions gain access to the liquidity and execution quality through OKX’s global shared order book.

U.S. institutional clients can now access OKX’s spot markets available via Deltix. They can integrate digital asset trading into existing quant and execution workflows.

Moreover, they can execute against OKX’s global shared order book. This way, they gain liquidity and performance necessary for institutional-grade trading, OKX says. They can test, trade, and deploy quantitative strategies for digital assets alongside their TradFi workflows.

Then, the clients can leverage the exchange’s APIs for execution and market-data connectivity.

Additionally, clients route activity through OKX’s licensed U.S. entity, which provides them with full regulatory compliance.

Finally, they can manage risk, analytics, and reporting within their native infrastructure.

“The partnership fills a critical gap in end-to-end infrastructure for quantitative, fund, and proprietary-trading firms seeking efficient digital-asset execution, research, and analytics,” the announcement concludes.

The post OKX and Deltix Boost US Institutional Trading appeared first on Cryptonews.

🔗 Sumber: cryptonews.com