Kyrgyzstan introduced the KGST stablecoin, pegged 1:1 to the som, on BNB Chain on October 25, 2025. Issued by the National Bank, it’s registered in the State Register of Digital Assets. President Sadyr Japarov announced the launch post a National Council meeting. The crypto committee will list KGST on global exchanges. CBDC Pilot Underway The National Bank began a three-phase digital som Central Bank Digital Currency (CBDC) pilot. Phase one connects commercial banks for transfers. Phase two links the Central Treasury for payments. Phase three tests offline use. A 2026 evaluation will determine a full rollout, aiming for scalable national adoption. Crypto Reserve Established Kyrgyzstan created a national cryptocurrency reserve, including BNB. Proposals for its structure are due within two months. Binance co-founder Changpeng Zhao, an advisor, confirmed BNB’s role. The reserve targets financial stability and asset diversification, building on $10 billion in H1 2025 crypto volume. Binance Partnership Expands Binance signed an MoU for crypto payments and localized its app in Kyrgyz. It also partnered with 10 universities through Binance Academy. Zhao’s council involvement strengthens ties. Kyrgyzstan’s crypto exchange volume grew 47% from 2024, reflecting its push toward digital finance leadership.