Kyrgyzstan has launched a national stablecoin (named “A5A7”) and a central bank digital currency in collaboration with Binance. The new stablecoin is backed by the Russian rouble and runs on Binance’s BNB Chain. Binance founder Changpeng Zhao (“CZ”) i
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Updated at: 2 days ago
{"content":"Kyrgyzstan has launched a national stablecoin (named “A5A7”) and a central bank digital currency in collaboration with Binance.
The new stablecoin is backed by the Russian rouble and runs on Binance’s BNB Chain.
Binance founder Changpeng Zhao (“CZ”) is acting as a digital assets adviser to the Kyrgyz president.
Implication: This marks a significant move by Binance into national-level digital currency infrastructure in Central Asia, potentially positioning the exchange as a partner to sovereign digital currency efforts.
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