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Kyrgyzstan Launches Stablecoin While Confirming Future CBDC

Kyrgyzstan has introduced a stablecoin, KGST, pegged 1:1 to the Kyrgyzstani som, while announcing plans for a Central Bank Digital Currency (CBDC) and a national digital asset reserve. The KGST stablecoin operates on the BNB Chain, with potential inclusion of BNB in the crypto reserve if it is established. During a meeting with Changpeng Zhao, former CEO of Binance, President Sadyr Japarov stressed the need for the crypto committee to ensure KGST’s listing on international platforms and submit proposals for the crypto reserve within two months. The CBDC initiative will roll out in three phases, beginning with commercial bank connectivity, followed by linking social and government payment structures, and ultimately facilitating offline transactions. The National Bank aims to evaluate CBDC issuance by the end of 2026, joining over 100 nations exploring similar digital currency projects.

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Bitcoin Leverage Nears $40 Billion Ahead of Key Fed Vote

Bitcoin's open interest has surged to approximately $37.63 billion as traders prepare for a critical Federal Reserve meeting, which is expected to result in a quarter-point interest rate cut. This anticipation is driven by recent economic indicators, including a weakening labor market and declining core inflation, which

Asia Morning Briefing: Crypto Markets Brace for a Pivotal Week as Trump–Xi Talks and Fed Decision Loom

As the week unfolds, Bitcoin and Ethereum are holding steady near cycle highs, anticipating outcomes from significant U.S.–China diplomatic talks and a Federal Reserve policy pivot. Traders on Polymarket are betting on a 92% likelihood of a U.S.–China tariff agreement by November 10, although the chance

Argentine Stablecoin Use Surged Ahead of President Milei's Midterm Election Win

As the midterm election results unfolded, there was a notable surge in Argentines exchanging pesos for US dollar stablecoins, reflecting widespread concern about the stability of the Argentine peso. President Javier Milei's party emerged victorious in the elections amid public scrutiny over his economic policies and corruption allegations.

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