The first state stablecoin has already appeared in the CIS, albeit in an experimental format — but this is a really big step.
We are talking about $KGST — a digital token tied to the national currency KGS.
This is the coin of Kyrgyzstan, and it was the first country in the CIS to take the risk and go this way.
Why is this important?
Because each such token is backed by real money 1:1, which means — it is not just 'crypto for the sake of crypto', but an attempt to connect state finances and blockchain. 💵🪙
Essentially, this is a test of a new economic model.
In a sense, this is similar to the moment when Gagarin first flew into space.
Yes, there were also many doubts, fears, and experiments back then.
But it is precisely this step that forever inscribed the country in world history.
Something similar is happening now.
The creation of $KGST is a signal to the world: the country is ready for technologies, for transparency, for new financial instruments.
Such solutions can raise the level of the economy, attract the attention of investors, and strengthen the state's position on the world stage.
Not every country dares to undertake such experiments.
And this is precisely why this step already deserves respect.