Friends, have you noticed how actively the stablecoin market is developing in the CIS? Today we will analyze one of the most interesting cases — KGST.
What is KGST?
This is the first national stablecoin of Kyrgyzstan, launched on the BNB Chain blockchain. It is pegged to the Kyrgyz som at a ratio of 1:1. This means that 1 KGST is always equal to 1 som.
What’s the catch with government stablecoins?
Unlike regular cryptocurrencies, such assets combine the stability of fiat with the power of blockchain:
Transparency: The reserves of KGST are held in licensed banks, ensuring reliability.
Low fees: Transfers within the BNB Chain network cost pennies compared to bank Swift transfers.
Access to DeFi: With KGST, residents of the region can easily enter the Binance ecosystem, buy BTC, ETH, or stake their savings for interest.
How to use this on Binance?
Trading: The KGST/USDT pair is available on the spot market.
Earn: Right now in the Simple Earn section, you can find flexible products for KGST with yields up to 10% APR (bonus rates are active during the campaign!).
Government stablecoins are a bridge between traditional finance and the world of Web3. Have you tried using KGST for transfers or trading? Write in the comments! 👇