Key Highlights:
- Justin Sun says TRON is ready to support Kyrgyzstan’s blockchain and stablecoin growth.
- Recent talks focused on scaling the KGST stablecoin and integrating it with TRON infrastructure.
- Kyrgyzstan’s crypto market is growing fast, and the country’s ruble-pegged token, A7A5, recently processed over $100 billion in transactions since its launch in early 2025.
Justin Sun, the founder of TRON, has expressed support for Kyrgyzstan’s development of its crypto sector. Sun said it is encouraging to see the country push forward with virtual asset initiatives and added that TRON is ready to support infrastructure, stablecoin scalability, and real-world blockchain adoption.
Justin Sun: TRON To Back Kyrgyzstan’s Crypto Ambitions
The statement comes as Kyrgyzstan and TRON together held strategic ‘crypto talks’ through a video conference between Sun and Farkhat Iminov, who leads the secretariat of the National Council for the Development of Virtual Assets and Blockchain Technologies under the President of the Kyrgyz Republic. Iminov at the meeting detailed progress the country is making on creating a crypto ecosystem there. He pointed to the National Council’s function and highlighted continued regulatory and institutional changes. They include efforts to formalize the legal guidelines for cryptos and stablecoins and to strengthen oversight of mining and trading activities. Sun, in response, appreciated the rapid development of the crypto sector in Kyrgyzstan. He said the market has shown strong growth and has the potential to support joint initiatives with TRON. Both sides also talked about expanding the use of Kyrgyzstan’s national stablecoin, KGST. The stablecoin is already listed on global crypto exchanges, including HTX, and is expected for wider adoption.
One of the key points in the discussion was the possible integration of KGST with TRON’s blockchain infrastructure. Such integration could help increase transaction volumes and extend the stablecoin’s reach in cross-border payments. TRON’s network is widely used for stablecoin transfers, including those involving USDT, and the platform reports more than 360 million users worldwide.
Kyrgyzstan has emerged as a fast-growing crypto market in the region. Official data shows that the country’s digital asset turnover exceeded $20.5 billion last year. This activity generated about $22.8 million in tax revenue. In the first three quarters of 2025 alone, turnover crossed $7.9 billion, pointing to strong and continued growth.
Industry representatives say the crypto sector is already contributing more tax revenue than some of the country’s traditional economic pillars. Temir Kazybaev, head of the Association of Virtual Asset Market Participants, said tax income from crypto transactions now exceeds revenue from the country’s largest commodity trading hub and from all patent-based business taxes combined.
The Dordoi bazaar in Bishkek, one of Asia’s largest wholesale and retail markets, generated just over $7.9 million in taxes over the year. Patent tax collection totaled $13.6 million. In comparison, crypto activity brought in a higher combined total, according to industry data shared with regional media.
Notably, more than 200 cryptocurrency exchanges and 11 mining companies are now registered in Kyrgyzstan. The recent launch of the gold-backed stablecoin USDKG has added further momentum. Industry groups are also working on education and training, including programs for compliance officers and accountants in the crypto sector.
At the same time, the government is updating its legal framework. New rules define cryptocurrencies and stablecoins more clearly and set out how digital assets can be issued and circulated. The updated laws also give the government authority to oversee mining and to regulate asset-backed stablecoins such as USDKG and KGST.
Also, the country’s ruble-pegged token, A7A5, recently processed over $100 billion in transactions since its launch in early 2025. But the country also drew international attention and scrutiny, particularly over concerns linked to sanctions evasion involving Russia.
Some Kyrgyz financial institutions and crypto platforms have faced sanctions from the European Union, US, and the UK in connection with these concerns.
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Source: https://www.cryptonewsz.com/justin-sun-tron-support-kyrgyzstans-stablecoin/
