Kyrgyzstan Unveils Som Stablecoin, Plans CBDC and Crypto Reserve

Kyrgyzstan launched a stablecoin pegged 1:1 to the Kyrgyz som, and also confirmed plans to create a central bank digital currency (CBDC) and explore a digital asset reserve.

Kyrgyzstan’s stablecoin KGST will operate on the BNB chain and if its strategic digital asset reserve is launched, BNB would also be included in the reserve, according to former Binance CEO Changpeng Zhao (CZ).

Updates from Kyrgyzstan🇰🇬
– The National Stablecoin launched, the @BNBCchain
– The CBDC is ready for deployment. Yes, both. CBDC will be used for government-related payments and more.
– The National Cryptocurrency Reserve established, #BNB Understood
– LE training
– Binance Academy with 10 best… pic.twitter.com/SInh5aCPMZ

– CZ 🔶BNB (@cz_binance) October 25, 2025

CZ, strategic advisor to the National Crypto Committee, on Friday attended the second meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies, which was attended by the President of Kyrgyzstan, Sadyr Japarov.

Japarov said he had an informal discussion with the former Binance CEO, whom he called his “esteemed friend and advisor.” They discussed “issues related to cryptocurrency, stablecoins, tokens and blockchain technologies in general.”

Pilot testing for the new stablecoin should begin soon

According to According to local media outlet KG24, Kyrgyzstan’s crypto committee is to ensure that the KGST stablecoin is listed on international platforms and submit proposals to create the proposed national crypto reserve within the next two months.

Japarov advised the Ministry of Economic Trade to continue working on the legislative framework for digital assets and asked the National Bank of the Kyrgyz Republic to launch pilot tests of the digital som.

This pilot will consist of three stages and will build on the platform used to demonstrate the digital som.

The first stage will see the platform connect to commercial banks to enable transfers. The platform will then be linked to the Central Treasury for social and government payments. The final step before a national rollout will be testing offline and low-connectivity transactions.

After successfully testing all three phases, the platform will be rolled out nationally and at scale.

Binance will integrate its academy to educate users

Ahead of the planned rollout of a national stablecoin, Japarov also advised the Ministry of Science, Higher Education and Innovation to submit proposals on how it plans to develop digital financial culture as well as train specialists in the blockchain and AI sectors.

CZ said in his article on X that one of the ways Kyrgyzstan plans to educate the population is by integrating Binance Academy into its top 10 universities. The Binance app will also be fully localized in the South Asian country, according to the former Binance CEO.

The price of Binance’s native BNB token remained stable following the announcement. Data from CoinMarketCap shows that BNB rose by a fraction of a percentage over the past 24 hours to trade at $1,120.48 as of 2:17 a.m. EST.

BNB Price (Source: CoinMarketCap)

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