The Cabinet plans to release the KGST stablecoin in 2026-2027

Ирэн Орлонская Economy
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- The Cabinet announced the launch of the KGST stablecoin in 2026-2027. This initiative is included in the government's action plan.

The issuance of the stablecoin is scheduled from the first quarter of 2026 to the third quarter of 2027.

According to the presented document, the new stablecoin will be pegged to the national currency at a ratio of 1:1. To maintain liquidity, the creation of trading pairs with other stablecoins and digital assets, such as USDT and USDC, is planned, as well as a listing on one of the international cryptocurrency exchanges.

Reference:

Stablecoins are crypto assets aimed at maintaining a stable value relative to a specific asset or group of assets. Unlike other cryptocurrencies, the main goal of a stablecoin is to maintain a fixed parity with a specific currency.
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