2025-12-24 21:22:26

Recently, actions related to national-level stablecoins have become quite frequent. Kyrgyzstan officially launched KGST, a stablecoin backed by government reserves and pegged 1:1 to the Kyrgyz Som.

This thing is indeed different from ordinary cryptocurrencies. KGST is built on blockchain technology, primarily aimed at enabling faster and cheaper payments and cross-border transfers. With government endorsement and a focus on payment scenarios, this design approach is quite clear.

Interestingly, more and more official stablecoins are choosing to be issued on existing public blockchains. What does this imply? Countries are exploring how to use blockchain technology to transform their financial systems. It’s no longer just a concept but actually building financial infrastructure.

If this trend continues, we might be witnessing a standard model for future national stablecoins—government-backed, based on public blockchains, and payment-oriented. This could be the most practical driver for the real-world application of the entire Web3 ecosystem.

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FrogInTheWell

· 5h ago

National teams are all going on the blockchain. This time, it's really happening—not just hype, but building infrastructure. This is the truly reliable thing.

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NoodlesOrTokens

· 5h ago

Damn, countries are starting to play with stablecoins now. This is no longer just hype. Speaking of public chains, they are the real winners. Whoever can support these national-level projects will be the last to laugh. Payment scenarios are the real deal, much more reliable than those worthless tokens. Finally, there's something practical. This is what Web3 should look like. It feels like we're getting closer to real applications. Models like KGST will definitely become standard in the future, and countries will follow suit.

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TokenDustCollector

· 5h ago

This is the real breakthrough—central bank stablecoins issued on public blockchains should have happened a long time ago. KGST's recent moves look a bit competitive; it seems like countries are secretly vying for position. To put it simply, the fundamental driving force is still the necessity of payments. After Bitcoin's financial utopia dream wakes up, practical application is the key. However, launching national-level stablecoins on public blockchains... does no one really care about the risks? If this really becomes a trend, USDT and the others will be in an awkward position.

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AirdropChaser

· 5h ago

National stablecoins on public blockchains, this is the real killer application, not those air coins. --- Honestly, I see through the logic of KGST—payments are a genuine need, not hype. --- Wait, if every country is developing its own stablecoin, is there still a future for CBDCs? --- Public blockchain infrastructure is beginning to be recognized at the national level; this is indeed a big deal. --- After all this, the true Web3 application scenario turns out to be right here. --- Kyrgyzstan is also coming? It seems stablecoins are really about to take off. --- Government endorsement + public blockchain—this combination is the future. --- Payment-oriented stablecoins are finally no longer purely for arbitrage purposes.

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