USDKG (Gold Dollar)
About
USDKG (Gold Dollar) is a 1:1 USD-pegged stablecoin fully backed by physical gold reserves and supported by the Ministry of Finance of Kyrgyz Republic. It provides a transparent, regulated stablecoin solution for cross-border settlements, international transfers, and institutional use, combining the reliability of gold with blockchain efficiency.
Where Does Yield Come From?
USDKG is a stablecoin designed for currency stability, not for generating earnings (often called yield). The protocol itself does not offer any built-in ways to earn yield, such as farming, staking rewards, or automatic fee sharing from trading.
Potential yield for users comes only from using USDKG on third-party platforms that handle decentralized finance (DeFi). On those external sites, you might:
- Use USDKG as security to borrow or lend money.
- Supply USDKG to trading pools (providing liquidity).
Any earnings come entirely from those external services, not from the USDKG protocol.
USDKG does have a small transfer fee (up to 0.2%), but this fee is collected by the protocol's owner. It is not distributed to people who hold the USDKG token.
The core value of USDKG is its price stability, guaranteed by being 100% backed by physical gold. The gold reserves are checked regularly by independent auditors for transparency.
Persons
Nursultan Tashtanov
First Deputy CEO for Operational Management
Audits
| Audit / Date | Findings | Verdict |
|---|---|---|
Consensys Diligence20-01-2025 - 24-01-2025 |
| The audit found no critical or high severity vulnerabilities, with both medium issues fixed and multiple informational improvements addressed, indicating a relatively secure implementation though with inherent administrative control risks in the multisig design. |
| This report verifies adequate gold collateral backing for USDKG but is not a security audit of smart contracts; users should seek independent code review for technical risks. |
Legal
Legal form
Open Joint Stock Company (OJSC)
Registration jurisdiction
Kyrgyz Republic (registered in Bishkek, registration number 311855-3301-OAO)
Status and notes
USDKG is issued by the Ministry of Finance of the Kyrgyz Republic. Operational management, gold custody, and token issuance are handled by Open Joint Stock Company "Virtual Asset Issuer" (VAI), a privately registered entity in Kyrgyz Republic. Terms of Service and Privacy Policy are provided via Termly service. Legal Terms page is placeholder ("Coming Soon").