USDKG (USDKG) stablecoin analytics
Answer First
What is USDKG?
USDKG is Gold Dollar's Kyrgyz-licensed stablecoin backed by about 376 kg gold in sealed boxes at an unnamed bank under LLC Virelint Group's storage agreement. The static profile records its US Dollar peg mechanism as: 1:1 mint and redemption against USD, Kyrgyzstani som, physical gold, or approved cryptocurrencies through Gold Dollar; KYC/AML verification required for all redemptions
Is USDKG safe?
Pharos does not assess USDKG as safe: it holds a D Safety Score grade (44/100) in the latest published rating, which flags significant structural risk. Static metadata says USDKG uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from Kreston Digital Assets Ltd (ISRS 4400 agreed-upon-procedures provider; the transparency portal currently indexes one reserve report, for 28 November 2025; the January 2025 document is a Consensys smart-contract audit).; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
USDKG (USDKG) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Sep 7, 2026
USDKG is a Kyrgyz Republic gold-backed stablecoin and a sovereign experiment in commodity-backed design. The Ministry of Finance sold 376 kilograms of LBMA Good Delivery gold bars to LLC Virelint Group, which stores them in sealed boxes at an unnamed bank, and the state-owned OJSC "Issuer of Virtual Assets" mints USD-pegged tokens against that pile. The gold is real. Kyrgyzaltyn, the state mining monopoly that refined it, has been LBMA-listed since 2022. The trust chain from bullion to token runs through private...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Physical gold bars (~376 kg, 30 bars) sourced from the Kyrgyz Ministry of Finance via state gold enterprise Kyrgyzaltyn (LBMA Good Delivery listed); stored in sealed boxes at an unnamed bank under custody of LLC Virelint Group
- Peg Mechanism
- 1:1 mint and redemption against USD, Kyrgyzstani som, physical gold, or approved cryptocurrencies through Gold Dollar; KYC/AML verification required for all redemptions
- Jurisdiction
- Kyrgyz Republic / Financial Market Regulatory and Supervisory Service under the Ministry of Economy and Commerce of the Kyrgyz Republic / Law on Virtual Assets (2022) / Cabinet Resolution No. 514
- Proof Of Reserves
- Independent Audit by Kreston Digital Assets Ltd (ISRS 4400 agreed-upon-procedures provider; the transparency portal currently indexes one reserve report, for 28 November 2025; the January 2025 document is a Consensys smart-contract audit). Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdkg-gold-dollar
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
USDKG quick answers
What is USDKG?
USDKG is Gold Dollar's Kyrgyz-licensed stablecoin backed by about 376 kg gold in sealed boxes at an unnamed bank under LLC Virelint Group's storage agreement. The static profile records its US Dollar peg mechanism as: 1:1 mint and redemption against USD, Kyrgyzstani som, physical gold, or approved cryptocurrencies through Gold Dollar; KYC/AML verification required for all redemptions
Is USDKG safe?
Pharos does not assess USDKG as safe: it holds a D Safety Score grade (44/100) in the latest published rating, which flags significant structural risk. Static metadata says USDKG uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from Kreston Digital Assets Ltd (ISRS 4400 agreed-upon-procedures provider; the transparency portal currently indexes one reserve report, for 28 November 2025; the January 2025 document is a Consensys smart-contract audit).; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDKG?
Pharos classifies USDKG backing as Real-World Asset Backed. Collateral, per the static profile: Physical gold bars (~376 kg, 30 bars) sourced from the Kyrgyz Ministry of Finance via state gold enterprise Kyrgyzaltyn (LBMA Good Delivery listed); stored in sealed boxes at an unnamed bank under custody of LLC Virelint Group Reserve evidence: Independent Audit from Kreston Digital Assets Ltd (ISRS 4400 agreed-upon-procedures provider; the transparency portal currently indexes one reserve report, for 28 November 2025; the January 2025 document is a Consensys smart-contract audit)..
Can USDKG be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDKG, when applicable, appear in the dossier below.
