KGST Listed on Binance: Kyrgyz Som-Backed Stablecoin Goes Live

Kyrgyz President confirms KGST, a 1:1 stablecoin backed by the som, is now live on Binance via BNB Chain, boosting cross-border payments.

Rich by Coin

2025-12-25

Kyrgyz President Sadyr Japarov confirmed on Wednesday that the national currency-backed stablecoin KGST has been listed on the Binance exchange. The token was developed and deployed on BNB Chain, which supports scalable and cost-effective blockchain infrastructure. KGST is backed 1:1 by the national currency of the Kyrgyz Republic, the som. KGST has become the first stablecoin from the Commonwealth of Independent States (CIS) to be listed on a global crypto exchange platform.

“I congratulate the KGSToken development team and all project participants on BNB Chain on a successful launch,” he wrote on X. Furthermore, the stablecoin, linked to the Kyrgyzstan Som, will contribute to the country’s cross-border payments and deepen its presence in the global crypto space.