The Gold-Backed Stablecoin That Could Undermine the US Dollar’s Global Grip
Key Takeaways: Kyrgyzstan has launched USDKG, a gold-backed stablecoin pegged to the US dollar, in a move that could disrupt Washington’s efforts to maintain dollar dominance. With a $50 million initial issuance, the new currency aims to strengthen Kyrgyz trade autonomy and explore alternatives to traditional dollar-based financial networks. Unlike conventional stablecoins, which rely on…