Stablecoin dossierReturn to register

Record sog_st_usdkg

USDKGUSDKG

Also recorded as Gold Dollar USDKG

Active

Lifecycle: Active
Issuance: Unknown
Reference target: US dollar
Primary organization: OJSC Virtual Asset Issuer
No additional recorded relationship
Launch: 2025-11-20
Redemption: Unknown
Backing: Unknown
Stabilization: Unknown
Last review: 2026-08-31
Evidence: 1 source record

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

Kyrgyz Republic state-supervised USD stablecoin issued by OJSC Virtual Asset Issuer and backed by physical gold reserves.

Name	USDKG
Symbol	USDKG
Aliases	Gold Dollar USDKG
Asset class	Stablecoin
Lifecycle status	Active
Issuance status	Unknown
Canonical record ID	`sog_st_usdkg`
Route slug	`usdkg`
Record confidence	High
Last reviewed	2026-08-31

Name: USDKG
Symbol: USDKG
Aliases: Gold Dollar USDKG
Asset class: Stablecoin
Lifecycle status: Active
Issuance status: Unknown
Canonical record ID: sog_st_usdkg
Route slug: usdkg
Record confidence: High
Last reviewed: 2026-08-31

Record coverage

Section	Entries
Organizations	1
Sources	1
Reserve reports	0
Reserve components	1
Model-history events	0
Regulatory notes	0
Deployments	1
Issuer-control actions	0
Open questions	1
Events	1

Material concerns

What the reviewed record does not let you assume

Active status and verified evidence are not safety endorsements. Unknown means the reviewed record does not support a stronger conclusion.

Reserve verification: Not independently evidenced in the registry
Redemption clarity: Unresolved
Material known unknowns: 1 open

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: Centralized
Primary display organization: OJSC Virtual Asset Issuer
Primary display role: Legal issuer
Relationship coverage: 1 recorded relationship

Control and relationship coverage

Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 1 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 1 not recorded
Deployment control-event references: 1
Observed issuer-control events: 0

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
OJSC Virtual Asset Issuer	Unknown or not yet classified	Unknown or unresolved	Kyrgyz Republic	Legal issuer	Primary display	2025-11-20	Not yet recorded	Active relationship

Unknown or not yet classified

OJSC Virtual Asset Issuer

Primary display

Functional role: Legal issuer
Relationship status: Active relationship
Regulatory character: Unknown or unresolved
Jurisdiction: Kyrgyz Republic
From: 2025-11-20
Until: Not recorded

Mechanism

How the asset works

Primary operating facts are shown first. Classification and methodology details remain available below.

Reference target: US dollar
Public backing model: Unknown
Primary stabilization mechanism: Unknown
Redemption / exit model: Unknown
Valuation source: Public information is incomplete
Yield / rebase profile: No recorded change · Accrual: No recorded change

Classification and mechanism details

Reference kind: Fiat
Comparison category: US dollar
Target value: 1
Reference methodology: USDKG is presented as a U.S.-dollar stablecoin backed by physical gold reserves.
Canonical backing types: Commodity
Reserve component categories: Commodity
Recorded model description: Physical Gold Backed
Classification notes: Physical-gold-backed USD stablecoin. Exact issuer redemption and stabilization mechanics remain explicit unknowns.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Physical gold reserves backing USDKGCommodity · 100% · USDKG official material describes 1:1 dollar peg backed by physical gold. Current reserve valuation and custodian details are not inferred here.

Reserve profile

Disclosure status	Gold Reserve Disclosure Available
Backing types	Commodity
Summary	USDKG is described in reviewed launch and product material as fully backed by physical gold reserves associated with the Kyrgyz Republic state-supervised issuance program.
As of	2026-08-31
Profile confidence	High

Disclosure status: Gold Reserve Disclosure Available
Backing types: Commodity
Summary: USDKG is described in reviewed launch and product material as fully backed by physical gold reserves associated with the Kyrgyz Republic state-supervised issuance program.
As of: 2026-08-31
Profile confidence: High

Redemption profile

Current status	Unknown after review
Settlement asset	Unknown after review
Eligible parties	Exact direct issuer redemption eligibility remains under primary review.
Retail access	Unknown after review
Institutional access	Unknown after review
Minimum amount	not established
Fee	not established
Settlement time	not established
Regional limits	Oslhk Professional Investor Access Does Not Define Issuer Redemption

Current status: Unknown after review
Settlement asset: Unknown after review
Eligible parties: Exact direct issuer redemption eligibility remains under primary review.
Retail access: Unknown after review
Institutional access: Unknown after review
Minimum amount: not established
Fee: not established
Settlement time: not established
Regional limits: Oslhk Professional Investor Access Does Not Define Issuer Redemption

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
No reserve reports have been added yet.

No reserve reports have been added yet.

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Standard	Deployment type	Operational state	Contract or identifier
TRON	TRC-20	Issuer- or institution-supported deployment	Active	Identifier not recorded
Technical, canonicality, and control fields Network record state Specific network recorded Canonical deployment type Issuer Native Token Recorded status Active Change or proposal state No separate change state recorded Canonicality Issuer-native deployment Canonicality record state Canonicality recorded Verification state Source-linked record; identifier not recorded Contract identity state Identifier not recorded Freeze Not yet recorded Blacklist Not yet recorded Control events 1 Notes USDKG official launch material states the first 50 million tokens were live on TRON. Exact contract address and administrative controls remain under primary capture.

Network

TRON

Active

Standard: TRC-20
Deployment type: Issuer- or institution-supported deployment
Contract or identifier: Identifier not recorded

Technical, canonicality, and control fields

Network record state: Specific network recorded
Canonical deployment type: Issuer Native Token
Recorded status: Active
Change or proposal state: No separate change state recorded
Canonicality: Issuer-native deployment
Canonicality record state: Canonicality recorded
Verification state: Source-linked record; identifier not recorded
Contract identity state: Identifier not recorded
Freeze: Not yet recorded
Blacklist: Not yet recorded
Control events: 1
Notes: USDKG official launch material states the first 50 million tokens were live on TRON. Exact contract address and administrative controls remain under primary capture.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

1 source identity · 1 evidence relation
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
Kyrgyzstan Issues $50M Gold-Backed USDKG Stablecoin Published 2025-11-25	USDKG / Gold Dollar	Official statement or announcement Canonical: Official Announcement	Subject-controlled source	Primary source	Identity, Issuer, Launch, Backing, Deployment, Regulatory, Usdkg Identity State Supervised Issuer Gold Backing Launch First Issuance Tron	Archive index or wildcard	High

Official statement or announcement

Kyrgyzstan Issues $50M Gold-Backed USDKG Stablecoin

High

Publisher: USDKG / Gold Dollar
Published: 2025-11-25
Provenance: Subject-controlled source
Primary or secondary: Primary source
Supported claims: Identity, Issuer, Launch, Backing, Deployment, Regulatory, Usdkg Identity State Supervised Issuer Gold Backing Launch First Issuance Tron
Archive: Archive index or wildcard
Reliability: High

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Issuer Redemption Holder Claim Gold Custody Current Reserve Valuation and Contract Controls	USDKG official material establishes launch, state-owned issuer, physical-gold backing and TRON availability, but exact direct redemption mechanics, holder legal claim, current reserve valuation/custody structure, contract address and administrative controls remain unresolved.	Unknown after review	Medium	2026-09-01

Issuer Redemption Holder Claim Gold Custody Current Reserve Valuation and Contract Controls

USDKG official material establishes launch, state-owned issuer, physical-gold backing and TRON availability, but exact direct redemption mechanics, holder legal claim, current reserve valuation/custody structure, contract address and administrative controls remain unresolved.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-09-01

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

No separate model-change event is currently recorded.

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2025-11-20	USDKG launches with first 50 million token issuance	Launch and introduction	Launch	Remained active	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.