Exolix conducted a Twitter Space AMA with USDKG (Gold Dollar), which is a dollar-pegged stablecoin that is backed by gold reserves.

This event happened on May 13, 2026, at 3 PM UTC. Twitter Space was dedicated to the topic of the reserve model of the project, gold backing, transparency, MoF involvement, and other questions.

Space link: https://twitter.com/i/spaces/1pKdRbnVpvqJW 

Gold Dollar ($USDKG) x Exolix: Twitter Space Q&A

1. Could you briefly introduce yourself and tell us what USDKG is?

I am Gabriel Geha, one of the Co-Advisors of USDKG. Over the course of one and a half years, I have been involved with USDKG, during which time I have been working in the blockchain/Web3 space for a number of years already. Prior to my experience in crypto/blockchain, I have worked in the traditional finance sphere as well, thus having insight into both worlds.

USDKG (or Gold Dollar) is a stablecoin pegged to the U.S. dollar with gold reserves serving as backing. There is one point that needs to be addressed to avoid misunderstanding since the concept may be confusing. USDKG should not be confused with gold-backed tokens like PAXG or Tether Gold since its price follows the movement of the dollar market rather than gold prices.

As I have mentioned, USDKG is pegged one-to-one with the U.S. dollar, whereas the gold reserve serves as the backing of this pegging. In other words, users are offered a stable asset denominated in dollars, whereas its backing comes from one of the oldest and most reliable hard assets.

2. How does USDKG maintain its peg while being backed by gold?

A key issue with any stablecoin involves the sustenance of its peg. For example, USDKG has a physical reserve of gold coins, and we have even been able to achieve an over-collateralized position in order to shield ourselves from any changes in the gold market.

As far as the current market status goes, the circulation amount stands at $50 million USDKG, whereas the total value of gold held by us exceeds $75 million because of the recent gold price increase.

3. Why did USDKG choose gold as the reserve asset?

Several reasons stand behind this decision.

First, gold is considered to be one of the oldest assets on which people can rely in times when other financial systems fail. Gold has been used as an asset and the foundation of money from time immemorial when even such systems did not exist.

Today, even the Central Bank has substantial reserves of gold assets.

Second, the choice was made due to the need to implement some traditional asset in the framework of the blockchain infrastructure. There are plenty of digital currencies and assets that do not have any analogues in the offline space, while gold helps to link both worlds.

Finally, the third reason for making such a choice is that Kyrgyzstan is a country with rich resources, and its reserves of gold deserve special attention.

Thus, a bridge is built between the traditional sphere of economic activity and a new approach to the financial system.

4. What role does the Ministry of Finance of the Kyrgyz Republic play in USDKG?

The Ministry of Finance is a very crucial entity within the overall organizational structure of the project.

During the past few years, Kyrgyzstan has seen the development of structures around blockchain and crypto. Indeed, Kyrgyzstan even adopted laws concerning digital assets and became increasingly open to blockchain-based initiatives.

In particular, for the USDKG token, the Ministry of Finance has a place within the issuance process.

While the overall project is privately organized, its issuance procedure consists of multi-signature, meaning that various parties need their approval. And one of those entities is indeed the Ministry of Finance itself.

So while support for the idea publicly is indeed a very positive point, there is also direct involvement within the issuance process.

It definitely is an important factor when assessing any blockchain project by an institution.

5. What makes USDKG different from USDT, USDC, or gold-backed tokens?

And all this hinges on what comes after the token.

Stable coins like USDT and USDC traditionally depend on reserve funds and other financial assets.

Gold backed coins like PAXG have intrinsic value equal to their gold backing.

In contrast, USDKG borrows elements from both concepts while maintaining a distinctly different structure.

Users get a token which stays tied to the US dollar despite the fact that reserves comprise of physical gold.

Thus we end up with such things as

• Stability based on the US dollar

• Backing by physical assets

• Reserves verification that is independent of the project developers

• Additional layers of control

Ultimately, this approach does not aim to replace existing stablecoins but offer another structural solution.

6. Transparency is obviously very important for stablecoins. How do users verify reserves?

It is important to note that trust in stablecoins relies upon knowledge about what backs the tokens.

In our case, auditing is done independently by third parties.

Our reserves are audited every quarter, and such reports are available to the public via the transparency page.

The most recent audit was conducted by Kreston Global; they validated the quality and quantity of gold reserves.

Moreover, the smart contracts of Bitgold.io have been audited by ConsenSys Diligence.

So the users do not just need to take our word for it; they can see it for themselves.

7. What are the strongest use cases for USDKG?

Use cases can be divided between institutions and retail applications.

For institutional applications, one very powerful use case is cross border payments.

Many firms and countries still prefer using USD for foreign transactions due to the fact that their own currency might lack stability or wide acceptance.

With blockchain technology, such processes become much faster and easier.

For institutions, other promising use cases include:

• Treasury diversification

• International payments

• Payments infrastructure

• DeFi applications

For the retail side, possible use cases are much more pragmatic.

Retail clients may keep USDKG as a stable asset, send money abroad, invest in DeFi markets, or just perform transfers and swaps with it.

The general idea is to create an asset suitable for both institutional-scale operations and retail clients.

8. What exciting updates can the USDKG community expect?

There are a number of new things happening now.

The first thing is that we have begun the process of listing on a centralized OTC platform, which is one of the things we're most excited about.

The second new development involves developing direct swapping capabilities, and this will take place on the USDKG site directly, allowing people to connect wallets and then swap.

Ethereum-Tron bridging is another development currently in the works.

Other things are also being discussed regarding partnerships within the industry.

9. What would you advise listeners to do after this session if they want to learn more?

Firstly, you may want to consider using our official social media platforms such as X and LinkedIn, since that's where most news is posted.

Secondly, one may consider visiting the website and reading the whitepaper. The transparency section could also be taken into consideration.

Finally, you might want to watch the film about USDKG which was made in Kyrgyzstan. This will give you an overview not just of USDKG but also of Kyrgyzstan's blockchain initiative and vision.

It offers you a whole different perspective on the project.

Closing 

Thanks a lot to USDKG for participating in the Space and all other participants of the discussion.

Be sure to subscribe to Exolix and USDKG in social media channels for further news, announcements, and campaigns from both sides.

A lot of things are yet to happen, including integration, partnerships, development of the ecosystems, and other things connected with tokenization of real assets.