Independent audit verifies gold reserves backing Kyrgyzstan’s USDKG stablecoin

An unbiased audit has formally verified the bodily gold reserves backing USDKG, the gold-backed stablecoin launched below the regulatory framework of the Kyrgyz Republic. The evaluation confirms that the complete reserve amount, chain of custody, and valuation align with the issuance of the primary 50 million USDKG tokens, reinforcing the stablecoin’s place as probably the most clear commodity-backed digital belongings out there.

The audit was performed by Kreston World, a serious worldwide accounting community. Their evaluation adopted ISRS 4400, Agreed-Upon Procedures Engagements, and included bodily inspection, documentation checks, valuation evaluation, contractual verification, and on-chain pockets management testing. The auditors confirmed the presence of 30 gold bars, totaling roughly 376 kilograms, all sealed, stamped, and saved in a safe vault operated by a licensed non-public reserve supervisor.

In line with the report, the gold reserves had been valued at 50.3 million U.S. {dollars} based mostly on LBMA pricing as of November 28, 2025. On the time of the audit, the worth of the reserves exceeded the amount of USDKG in circulation. This establishes the next normal of collateralization than usually seen in asset-backed stablecoins, the place real-time bodily reserve audits stay uncommon.

The audit additionally tracked the whole switch path of the gold reserves. Kreston reviewed documentation confirming motion from the Ministry of Finance to the non-public reserve administration entity after which to the safe banking facility. Serial numbers, weight certificates, purity particulars, acceptance acts, and storage contracts had been all examined for consistency, whereas the 15 sealed bins containing the bars had been checked in opposition to the official packing lists.

Along with the bodily reserve inspection, Kreston verified management of the official Ethereum and Tron sensible contract wallets used for USDKG issuance. The auditors requested on-chain transactions to verify lively management, additional reinforcing the challenge’s transparency claims and bridging the hyperlink between token provide and verified reserves.

The publication of the audit addresses a number of of the commonest issues surrounding gold-backed digital belongings. 

Some observers view gold as outdated or disconnected from trendy monetary infrastructure. Nonetheless, the presence of bodily inspected and independently confirmed bullion offers a type of collateral that’s clear, measurable, and insulated from industrial financial institution publicity. This stands in distinction to weaknesses ceaselessly highlighted in fiat-backed fashions, the place reserve visibility could be restricted.

The audit findings additionally assist make clear the challenge’s strategic intent. USDKG is denominated in U.S. {dollars} and constructed for international interoperability, which positions it as a predictable and compliant asset relatively than a participant in foreign money rivalry. Whereas the stablecoin is supervised inside the Kyrgyz Republic’s regulatory framework, its objective is financial effectivity and clear worth switch, not geopolitical signaling. This distinction issues as governments and establishments more and more consider how asset-backed stablecoins match into worldwide monetary methods.

The challenge’s working construction additional helps this positioning. USDKG is supervised by the Ministry of Finance however operated independently by a licensed non-public entity. This design offers state-level oversight with out political affect in operational selections and helps align the challenge with worldwide greatest practices.

The findings arrive throughout a interval of broader market curiosity in commodity-backed stablecoins. Tether not too long ago grew to become one of many largest non-public holders of gold, signaling a shifting desire amongst establishments and crypto market individuals towards reserves backed by actual, verifiable belongings. USDKG joins this rising class with a stage of transparency that features each totally public sensible contracts and now an in depth third-party audit of bodily holdings.

The Kyrgyz Republic has spent the previous a number of years establishing a transparent authorized construction for digital belongings, together with licensing for miners, exchanges, token issuers, and custodial service suppliers. USDKG displays the trajectory of those insurance policies by pairing innovation with regulatory self-discipline. The audit strengthens credibility with exchanges, institutional companions, and regulators evaluating gold-backed digital belongings and gives a reference level for the way rising markets can construct accountable, asset-backed monetary devices with documented reserves.

With the audit now printed on USDKG’s official web site, they’re taking a big step towards establishing belief in a class the place transparency usually falls brief. The mix of verifiable bodily collateral, seen on-chain knowledge, and adherence to worldwide reporting requirements provides the stablecoin a framework designed for long-term reliability and international interoperability.

Media contact

William Campbell

Lead Advisor

[email protected]

www.usdkg.com

About The Writer

Gregory, a digital nomad hailing from Poland, will not be solely a monetary analyst but additionally a priceless contributor to numerous on-line magazines. With a wealth of expertise within the monetary business, his insights and experience have earned him recognition in quite a few publications. Utilising his spare time successfully, Gregory is presently devoted to writing a e book about cryptocurrency and blockchain.

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