Binance lists the Kyrgyz Som stablecoin, as the country accelerates its national-level crypto strategy.

[Kyrgyzstan Launches Som Stablecoin on Binance, Accelerating National Crypto Infrastructure Development] According to Mars Finance, on December 25th, Kyrgyz President Sadyr Japarov announced the official listing of KGST, a stablecoin pegged to the Kyrgyz som, on Binance, marking another key step forward in the country's national crypto infrastructure development. Sadyr stated that the listing of KGST will facilitate cross-border payments and further deepen Kyrgyzstan's connection with the global crypto ecosystem. CZ subsequently responded that "more country-backed stablecoins" will be listed on Binance in the future. In April of this year, CZ began providing technical and policy advice to the Kyrgyz government. This landlocked Central Asian country with a population of approximately 7 million has shown a significantly more positive attitude towards digital assets in the past year. In September, Kyrgyzstan advanced legislation to establish a national crypto reserve and expand its digital asset industry. In addition to KGST, Kyrgyzstan recently launched USDKG, a stablecoin backed by physical gold. It was initially issued on the Tron network with an initial supply of 50 million tokens and is planned to be expanded to Ethereum in the future.