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KGST is a stablecoin pegged 1:1 to the Kyrgyz som (KGS), designed to bring the national currency into regulated digital rails for practical use cases such as remittances, business settlements, and digital commerce
The model is built around full fiat backing, controlled issuance and redemption, and activity routed through licensed virtual asset service providers with AML and consumer protection requirements.
KGST’s listing on Binance, including the KGST/USDT spot pair, expands access to KGST through a global virtual-asset platform while remaining anchored to a local unit of account.
Note: This article is a guest post contributed by the founder of KGSToken LLC, the private-sector firm issuing KGST. It is published for informational purposes and reflects the author’s views only. It does not necessarily reflect the views of Binance.
If you live in Kyrgyzstan, a lot of “digital finance” is about practical movement of funds: receiving money from abroad, paying for services, settling with suppliers, and keeping track of everything in the som, preferably without extra conversions or delay.
Listed on Binance in late December 2025, KGST is a stablecoin pegged 1:1 to the Kyrgyz som (KGS) that is designed to serve those everyday financial needs. By representing the som as a digital token, KGST makes transfers and settlements easier to execute through digital wallets and virtual-asset services, while staying tied to the same unit of currency people already use in daily life. Read on to learn more about how KGST is designed and structured, how it came to be, and how it fits the broader picture of digital transformation in Kyrgyzstan and Central Asia.
No Longer Niche
The rise of KGST is a sign of where Kyrgyzstan’s virtual-asset market is today, its expansion visible in licensing and activity. The number of virtual-asset exchange operators in Kyrgyzstan increased from 6 in 2022 to 169 by 2025. Volume figures show the same trend: transaction volume grew from 5.2 billion som in 2022 to 587.3 billion som in 2024, which is roughly $6.7 billion at an exchange rate of about 87 som per U.S. dollar. In the first six months of 2025, virtual-asset transaction volume in Kyrgyzstan was estimated at around 860 billion som – roughly $9.9 billion.
Tax revenue is another indicator of the space’s growing maturity. Tax receipts from virtual asset service providers rose from 73.1 million som in 2023 to more than 1.65 billion som in the first half of 2025, or roughly $19 million.
Adoption metrics support the picture of a market with real participation. Kyrgyzstan ranks 19th in the global crypto adoption index and leads Central Asia. Against this backdrop, a som-pegged stablecoin is well-positioned to connect existing demand with a clearer, regulated digital instrument that stays anchored to the national currency.
The government views the development of digital financial instruments as part of a broader economic growth strategy. In May 2025, Kyrgyzstan established the National Council for the Development of Virtual Assets and Blockchain Technologies under the President of the Kyrgyz Republic, signaling a coordinated approach to digital-asset policy and infrastructure. The Council’s role is to coordinate policy and infrastructure initiatives and advance the broader goals of strengthening the investment climate, supporting innovation, and building national capability in virtual assets and blockchain.
For KGST, the roadmap for the near term includes aligning with digital som initiatives and scaling liquidity. Targets discussed include more than 500 million KGST in circulation within 12 to 18 months, alongside tens of thousands of active users. Kyrgyzstan is building a system where the digital som and blockchain technologies work for the benefit of every citizen. KGST is the first step toward making finance in the region transparent, accessible, and truly global.
Robust Design For Practical Use
KGST is designed to reduce friction. For many people in Kyrgyzstan, that can mean receiving a remittance and knowing what it is worth immediately or moving money between platforms without needing to time exchange rates. The stablecoin’s job is to maintain fixed value, be available when needed, and work across common digital rails.
In addition to supporting remittances and small business settlements, KGST can serve as a simpler entry point into digital finance. A stablecoin tied to the som is easier to understand than a floating asset, reducing cognitive and financial barriers for new users.
KGST is structured around full fiat backing and controlled issuance. Each token is backed 1:1 by Kyrgyz som held in reserve accounts at licensed state-owned banks. Tokens are issued only after fiat funds are received into reserve accounts. When KGST is redeemed, the tokens are burned. The intent is to eliminate uncollateralized issuance and keep the 1:1 relationship tight through a deposit-and-redemption cycle that expands and contracts supply based on real reserves.
The structure is implemented in accordance with the country’s virtual-asset legislation and supervised by authorized state bodies. Operations are intended to flow through licensed virtual asset service providers that apply AML and counter-terrorist financing controls, including customer identification, transaction monitoring, and safeguards designed to reduce illegal use, especially in cross-border transfers.
Why BNB Chain, and What it Enables in Practice
KGST is issued as a BEP-20 token on BNB Chain for several reasons: fast confirmation times, low transaction fees, and broad infrastructure support.
For everyday transfers and smaller payments, fees matter: when costs are low and predictable, users can move funds more frequently instead of batching transactions. This is particularly relevant for remittances, freelance payments, and small business settlements.
BNB Chain’s widely supported token standard also simplifies integration with wallets and infrastructure providers. That lowers the barrier for KGST to be supported across commonly used tools and services, helping it fit naturally into existing digital workflows.
What the Binance Listing Adds
Binance listed KGST on December 24, 2025, opening spot trading for the KGST/USDT pair. Deposits were enabled ahead of trading, withdrawals followed, and the listing fee was set at zero.
In practice, this expands access to KGST within global market infrastructure. Symbolically, it shows how a national stablecoin can connect regulated reserves and local compliance frameworks with international liquidity and distribution.
Market data shows KGST trading close to its intended peg, around $0.0114, consistent with the som’s exchange rate. As of early 2026, circulating supply is approximately 452 million KGST, with consistent daily trading volumes and price fluctuations typically within a narrow range.
Final Thoughts
KGST offers users familiarity combined with digital convenience; businesses can benefit from more predictable settlement tools. In the larger scheme of things, KGST illustrates how regulated stablecoins can link local economies to global infrastructure without sacrificing reserve discipline or compliance.
If the next phase of crypto adoption is to feel intuitive to more people, it will likely be built from elements like these: familiar units of account, transparent backing, regulated distribution, low-friction rails, and integration with global platforms. The work being done in the Kyrgyz Republic to build these digital pillars is laying a foundation for turning the nation into a regional hub for virtual assets and Web3 technologies in Central Asia.
Further Reading
Binance Partners with Kyrgyzstan to Boost Crypto Development

Binance Will List KGST & Enable Trading Bots Services on Binance Spot

Binance Will Add KGST (KGST) on Earn, Buy Crypto & Convert

Disclaimer: Content includes comments and opinions from third parties outside of Binance. Please note that: (a) all content is presented on an "as is" basis for general information purposes only, without representation or warranty of any kind; (b) such comments and opinions belong to these third parties, and do not purport to reflect the views, comments or opinions of Binance; and (c) correspondingly, their comments and opinions as expressed on our platform is not intended to be and shall not be construed as an endorsement by Binance. We shall not be liable or responsible for any errors or omissions, or for the results obtained from your use of such information. The content shall not be construed as financial advice.

Fermi is the next major performance upgrade for BNB Smart Chain, reducing block time from 0.75 seconds to 0.45 seconds while keeping network behavior stable under real production load.
The upgrade is delivered through the BSC v1.6.4 client, with v1.6.5 following as a synchronized maintenance release.

Faster blocks are only useful if they remain predictable at scale, and Fermi is designed to improve responsiveness for users and developers without compromising reliability
Block time sounds like an abstract metric until you’ve built or used an application that depends on timing. When a network is slow, users feel it as hesitation: swaps take longer to confirm, game actions lag, and simple actions like staking or minting turn into wait states. Developers feel it as latency that forces design tradeoffs, like adding extra buffering, reducing interactivity, or moving logic off chain just to keep an app responsive.
But in a chain that runs at global scale, raw throughput is no longer the whole story. We’ll need to make sure the whole system behaves predictably while it runs faster reliably under real production conditions – across validators, nodes, infrastructure providers, wallets, and applications.Hence, shorter blocks, delivered in a way the network can sustain in production, constitutes the next chapter of BSC’s evolution with the Fermi hard fork. It completes our short block interval roadmap so BSC can run faster without sacrificing the reliability developers, users, and operators depend on.
What Is the Fermi Hard Fork?
Fermi is the next major performance milestone for BNB Smart Chain, delivered through the BSC v1.6.4 client, with v1.6.5 following as a synchronized maintenance release. At a technical level, Fermi is about tightening the full block lifecycle so the chain can produce blocks more frequently while remaining stable even as throughput increases. This combination matters as shorter blocks can introduce new stress points if the chain cannot propagate blocks efficiently across a global network, or if validators and infrastructure providers cannot keep up with the pace. For users, this means faster confirmations and a smoother experience when interacting with applications on BSC. For developers, it means lower latency and more responsive on-chain interactions, which is especially important for applications where speed is core to product experience. For node operators, it means running a faster chain without trading away stability.

What is New With Fermi?
Fermi introduces a set of BEPs that work together to improve end-to-end performance. The most visible change is the block interval reduction from 0.75 seconds to 0.45 seconds, the shortest in BSC’s history.

In practice, this reduction would show up in the places users and builders actually notice. Across wallets, infrastructure, and applications, the chain simply feels faster. Transactions can be included sooner, confirmation times tighten, and DApps feel more responsive during peak activity – particularly for high-frequency DeFi use cases, advanced trading strategies, and workflows where users expect fast on-chain settlement.
How Fermi Fits Into the BNB Chain 2026 Roadmap
Every BNB Chain hard fork reflects what we’ve learned from operating at scale. With Fermi, we’re refining everyday performance – ensuring that speed gains come with the stability our ecosystem expects.
This upgrade also sets the stage for what comes next in 2026. Our 2026 roadmap remains focused on making BNB Chain faster and more capable while keeping the network stable and predictable for our users, developers, validators, and infrastructure providers.
Final Thoughts
Speed is only meaningful when it translates into real usability. Fermi is a step toward a chain that feels faster in everyday interactions while preserving the stability that allows an ecosystem to build with confidence, even as on-chain finance and consumer applications keep growing. As this work is incremental by design, Fermi is one step in a broader roadmap while we keep aiming to ship upgrades that make BSC faster and more capable without compromising the reliability the ecosystem depends on.
Further Reading
Innovation at Binance – A Production Framework for Fixing the Small-File Problem
Binance Research: What Crypto’s 2025 Taught Us – and What to Watch in 2026
Meme Rush on Binance Wallet – Instant Meme Token Insights with AI-Powered Stories
Disclaimer: Content includes comments and opinions from third parties outside of Binance. Please note that: (a) all content is presented on an "as is" basis for general information purposes only, without representation or warranty of any kind; (b) such comments and opinions belong to these third parties, and do not purport to reflect the views, comments or opinions of Binance; and (c) correspondingly, their comments and opinions as expressed on our platform is not intended to be and shall not be construed as an endorsement by Binance. We shall not be liable or responsible for any errors or omissions, or for the results obtained from your use of such information. The content shall not be construed as financial advice.