Meet KGST

KGST is a fully-backed stablecoin pegged 1:1 to the Kyrgyz Som (KGS), designed to provide a secure, transparent, and efficient digital currency solution for Kyrgyzstan and the broader Central Asian region. KGST leverages blockchain technology to enable fast, low-cost payments, cross-border remittances, and financial inclusion, while maintaining strict regulatory compliance and robust reserve management.

By combining the stability of the national currency with the benefits of blockchain, KGST addresses the volatility challenges of cryptocurrencies and supports Kyrgyzstan's digital economy ambitions. KGST is positioned to become the digital currency of choice for individuals, businesses, and financial institutions in the region.

Core Advantages

Legal Compliance

KGST is fully grounded in Kyrgyzstan's 2022 "On Virtual Assets" law, ensuring a clear and regulated framework for issuance and use.

Fiat-Backed Stability

KGST is a fully collateralized stablecoin backed by KGS fiat reserves held securely in licensed Kyrgyz banks, providing price stability and trust.

Regulatory Oversight

The token issuance and operations are subject to strict regulatory supervision, including mandatory registration, audits, and ongoing compliance with financial authorities.

User-Friendly Access

KGST aims to offer seamless and secure user experiences through integration with popular wallets, payment platforms, and exchanges, lowering barriers for both local and international users.

Transparency and Security

Regular audits, secure custody of reserves, and adherence to regulatory standards ensure transparency and protect user interests.

Integration with Existing Payment Platforms

Integrate KGST with Kyrgyzstan's existing financial and payment infrastructure.

Access to Liquidity Venus

KGST enables cost-effective, near-instant on-chain transfers, reducing reliance on expensive intermediaries.

Financial Inclusion

By providing digital access to the national currency, KGST empowers unbanked populations to participate in the digital economy through mobile wallets and decentralized finance (DeFi) platforms.

Integration with DeFi and Digital Services

KGST's BEP-20 token standard allows integration with DeFi protocols, enabling lending, borrowing, and yield farming opportunities denominated in KGST.

Technology
Stack

KGST is issued on the BNB Chain, which uses the Proof of Staked Authority (PoSA) consensus for transaction finality, immutability, and transparency. This enables fast, trustless, and low-friction settlements, supporting broad integration into decentralized applications and financial services.

KGST token is built on the BEP-20 standard with a focus on stability, security, and regulatory compliance. Token Contract Address (BNB Chain): 0x94be0bbA8E1E303fE998c9360B57b826F1A4f828

Attestation
of Reserve

Attestation process ensures that the total circulating supply of KGST stablecoins is continuously backed on a one-to-one basis by an equivalent value of cash or cash equivalents held securely in licensed banks and custodial institutions.

Partnerships with licensed Kyrgyz banks guarantee that all KGS reserves backing KGST tokens are held securely and transparently.

Important
Disclosures

Regulatory Oversight:

The State Service for Regulation and Supervision of the Financial Market serves as the principal regulator overseeing cryptocurrency circulation, including the issuance and redemption of stablecoins. Additionally, the National Bank of the Kyrgyz Republic exercises supervisory control over currency operations and banking integrations related to the project. The Ministry of Digital Development and Innovative Technologies monitors compliance with cryptocurrency legislation. We commit to maintaining transparent and ongoing communication with these authorities, submitting all required reports and undergoing inspections as necessary.

Licensing and Registration:

Registration of the first public offering of "KGST" stablecoins by KGSToken LLC