USDKG

USDKG is a stablecoin, also called Gold Dollar on its official website, which states that it is pegged one-to-one to the US dollar and backed by physical gold reserves. The website says the issuance is supported by the Ministry of Finance of the Kyrgyz Republic and that the reserves are held in secure facilities by trusted custodians and audited regularly.

According to the project's statements, each USDKG can be redeemed one-to-one for US dollars, Kyrgyz som, gold or approved cryptocurrencies, and the reserves can be tracked through a digital ledger. According to CoinGecko listings, the token has contracts on the TRON and Ethereum networks and trades mainly on a decentralized exchange on Ethereum. Cross-border payments and near-immediate settlement are the use cases the project highlights.

In this structure, which is backed by gold but pegged to the dollar, the value of the reserve fluctuates with the gold price; whether the token keeps its dollar peg depends on the issuer's reserve management. DefiLlama classifies the asset among fiat-backed stablecoins; the reserve and audit claims have not been verified by an independent source. The USDKG value shown on Lzzo.com is DefiLlama's US dollar reference and is for information only.