Analysis: Gold-backed stablecoin USDKG could become legal tender in Kyrgyzstan

The gold-backed stablecoin USDKG, endorsed by the Kyrgyz government, could become legal tender in the country within three months, and is currently initiating an audit process by the Big Four accounting firms. William Campbell, a consultant to USDKG, said the stablecoin, pegged 1:1 to the U.S. dollar but backed by physical gold reserves, would be audited every six months and published on the blockchain.