TLDR
- Kyrgyzstan launched the KGST stablecoin pegged 1:1 to the Kyrgyzstani som on BNB Chain
- The country confirmed plans to roll out a central bank digital currency with three-stage pilot testing
- Binance Coin (BNB) will be included in Kyrgyzstan’s national cryptocurrency reserve
- Former Binance CEO Changpeng Zhao serves as strategic adviser to Kyrgyzstan’s crypto committee
- Binance Academy will partner with 10 top universities in Kyrgyzstan for blockchain education
Kyrgyzstan has launched a new stablecoin on the BNB Chain while confirming plans to introduce a central bank digital currency. The KGST stablecoin is pegged 1:1 to the Kyrgyzstani som.
We successfully held the second meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies. Following the meeting, key tasks for the near future were defined.
After the event, there was an opportunity to discuss, in an informal setting,… pic.twitter.com/7esefk814E
— Sadyr Zhaparov (@sadyrzhaparovkg) October 24, 2025
Former Binance CEO Changpeng Zhao announced the developments after attending a meeting with President Sadyr Japarov. The meeting took place at the National Council for the Development of Virtual Assets and Blockchain Technologies on Friday.
CZ became a strategic adviser for Kyrgyzstan’s crypto committee around April. This was during the committee’s first meeting.
Updates from Kyrgyzstan🇰🇬
– The National Stablecoin launched, on @BNBChain
– The CBDC is ready for rollout. Yes, both. CBDC will be used for gov related payments, etc
– The National Cryptocurrency Reserve set up, #BNB included
– LE training
– Binance Academy with 10 top… https://t.co/KPrL0pnsWG pic.twitter.com/SInh5aCPMZ— CZ 🔶 BNB (@cz_binance) October 25, 2025
The country will include Binance Coin (BNB) in its national cryptocurrency reserve. Local media outlet KG24 reported that the crypto committee must list the KGST stablecoin on international platforms within two months.
The committee also has two months to submit proposals for creating the national crypto reserve. President Japarov directed the Ministry of Economy and Commerce to continue developing a legislative framework for virtual assets.
Digital Currency Testing Begins
The National Bank of the Kyrgyz Republic will begin pilot testing of the digital som. The pilot will run in three stages.
The first stage will connect commercial banks to enable transfers. The second stage will link the Central Treasury for social and government payments.
The third stage will test offline and low-connectivity transactions. This testing will occur before a national rollout.
The digital som platform was built with Build Block TECH. The National Bank demonstrated the platform earlier this year.
After completing all three phases successfully, the platform will be rolled out nationally and scaled. The National Bank initially said in April it would wait until the end of 2026 to decide on issuing a CBDC.
Over 100 nations have initiated CBDC projects. Only three CBDCs are currently live according to cbdctracker.org.
These include the Bahamas Sand Dollar, Nigeria’s e-Naira, and Jamaica’s JAM-DEX. Kyrgyzstan is moving forward with simultaneous deployment of both a stablecoin and a CBDC.
Education and Training Programs
President Japarov advised the Ministry of Science, Higher Education, and Innovation to develop digital financial literacy plans. The ministry will also train specialists in blockchain and AI industries.
Binance Academy will integrate with 10 top universities in Kyrgyzstan. The Binance app will be fully localized across the country.
Law enforcement training programs are being implemented. These programs focus on crypto compliance and security awareness.
A Binance meetup in the capital city of Bishkek attracted over 1,000 attendees. The event demonstrated growing interest in blockchain technology in the country.
CZ also mentioned that EthSign, a Web3 identity and contract protocol, partnered with Kyrgyzstan. YZi Labs assisted the country with its digital transformation efforts.
US President Donald Trump pardoned CZ on Wednesday over anti-money laundering violations from his time as Binance CEO. BNB price increased to $1,113 following the announcements, gaining 0.36% in one day and 3.93% over the previous week.
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