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Kyrgyzstan launches national stablecoin alongside CBDC pilot
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Kyrgyzstan rolled out a national stablecoin and CBDC pilot with an exchange partner to expand regulated digital payments and remittances.
A Central Asian nation announced a national stablecoin and central-bank digital currency initiative in partnership with a major exchange operator. The effort aims to formalise crypto rails for retail payments and remittances, broaden financial inclusion, and bring local activity inside a supervised framework. Officials highlighted interoperability and transparency as adoption drivers. Analysts will track reserve disclosures, wallet KYC standards, and cross-border linkages to payment networks in neighbouring markets to gauge traction and the durability of policy support.