Kyrgyzstan's fiat-pegged stablecoin KGST lists on Binance

KGST, a stablecoin pegged to Kyrgyzstan's fiat currency, the som, has been listed on Binance, Cointelegraph reported. Kyrgyzstani President Sadyr Japarov shared the news on X. Binance founder Changpeng Zhao also commented on X, stating that he expects more state-led stablecoins to be listed on the exchange. Previously, Kyrgyzstan appointed Zhao as a cryptocurrency policy advisor and launched USDKG, a gold-backed stablecoin pegged one-to-one with the U.S. dollar.