KGST — this is the national stablecoin of Kyrgyzstan, pegged 1:1 to the Kyrgyz som (KGS). It is the first fully fiat-backed stablecoin in the CIS created for the real economy, not for speculation.
Currently, 1 KGST ≈ 0.01138 $ (or ~1 som), market capitalization ~5.8 million $, with 513+ million tokens in circulation. The daily trading volume exceeds 1 million $ — for a young coin, this is a very respectable figure.
The main advantages of KGST:
- Full backing in soms in accounts of licensed banks in the KR
- Transparency — regular audits of reserves
- Operates on BNB Chain (BEP-20) → low fees, high speed
- Listed on major exchanges: Binance, HTX, and others
- Ideal for transfers within the country, remittances from Russia/Kazakhstan/Turkey, payments in crypto wallets without volatility
KGST addresses real pain points: expensive and slow bank transfers, currency conversion, access to digital finance for those without bank accounts. It is a bridge between traditional money and blockchain for Central Asia.
📌 Conclusion: KGST — not another meme coin, but a tool for the digital economy of Kyrgyzstan.
@Binance CIS #stablecoins $KGST