According to @cz_binance on X, KGST has launched as the first nation-backed stablecoin on BNB Chain and he added there are “many more to come” (source: @cz_binance on X). According to Kyrgyz President Sadyr Zhaparov on X, KGST is listed on Binance, is backed 1:1 by the Kyrgyz Republic’s som (KGS), and is described as the first stablecoin from the CIS to secure a global-platform listing with the goal of supporting cross-border payments and wider digital use of KGS (source: @sadyrzhaparovkg on X).