Latest news with #GoldDollar
Arabian Post
05-05-2025
- Business
- Arabian Post
Kyrgyzstan Unveils Gold-Backed Digital Currency to Modernise Financial Landscape
Kyrgyzstan is set to launch a gold-backed stablecoin, the Gold Dollar , in the third quarter of 2025. The initiative, spearheaded by the Ministry of Finance, aims to integrate blockchain technology into the national financial system, offering a transparent and stable digital asset backed by $500 million in gold reserves. Plans are underway to increase this backing to $2 billion within two years. Unlike central bank digital currencies , USDKG operates within a privately managed smart contract ecosystem, ensuring security and transparency without central bank control. The stablecoin is pegged 1:1 to the U.S. dollar and will initially launch on the Ethereum blockchain, with intentions to expand to other chains as adoption grows. USDKG is designed to facilitate cross-border payments, a significant feature for Kyrgyzstan, where remittances account for approximately 30% of the country's GDP. The stablecoin enables instant, low-cost international transactions, making it easier for workers abroad to send money home. Transparency is a cornerstone of USDKG's design. Each token is verifiably tied to physical gold stored in secure, audited vaults. A publicly accessible proof-of-reserves system will be available, allowing real-time verification of gold reserves and stablecoin issuance on the blockchain. The Kyrgyz government has also proposed legislation to establish licensed crypto banks, aiming to provide regulated banking services related to digital assets and cryptocurrencies. This move is intended to legalize and regulate the cryptocurrency market, increase trust in crypto assets, and mitigate risks of fraud and unauthorized access to funds. In addition to USDKG, the National Bank of the Kyrgyz Republic plans to launch a digital national currency, the digital som, by the end of 2026. The digital som will coexist with traditional cash and non-cash currencies, facilitating cashless transactions and improving control over budget spending. Arabian Post – Crypto News Network
Yahoo
26-03-2025
- Yahoo
This is where most Arizonans want to be buried, new study shows. Here's why it's so unique
A Wild West graveyard was named Arizona's favorite burial spot in a recent survey. Boothill Graveyard, Tombstone's original cemetery and the final resting place of some notorious characters, was among three cemeteries Choice Mutual said Arizonans cherished most. Choice Mutual, an insurance agency specializing in funeral insurance, surveyed more than 3,000 Americans to find out the most cherished resting spaces in the United States. The survey showed that cemeteries near small towns, historical sites and natural beauty were favored. Here are the uniquely Arizona cemeteries and graveyards people still wish to be buried in and what makes them so special. In typical Arizona fashion, the most cherished final resting place was Boothill Graveyard in Tombstone. The Wild West town turned tourist attraction highlights the Wild West era of gunfights, outlaws and hardworking settlers, and its cemetery follows the trend. Boothill Graveyard was the first burial spot in Tombstone and was used until the 1880s when it became the town's "old cemetery." It eventually fell into disrepair. However, nearby residents in the 1920s took on the task of identifying who was buried there and properly marking gravesites. BootHill Graveyard is home to graves of Arizonans who lived hard, fast lives. Many died while mining or were killed in tragic accidents. A significant number were murdered. The cemetery's pamphlet on who is buried there notes some were "stabbed by Gold Dollar," "hanged by mistake," or "killed while playing cards." Choice Mutual's study highlighted Boot Hill's "raw, timeless appeal, promising an everlasting tie to Tombstone's storied past for those captivated by its gritty romance and untamed legacy." How to visit: The cemetery and gift shop, which are located at 408 State Route 80 in Tombstone, are open to visitors daily from 8 a.m. to 6 p.m. There is a $6 admission fee. More details are available at This small South Rim cemetery is nestled near the edge of the Grand Canyon. And among the pine trees rest the people who helped make the Grand Canyon what it is — pioneers, tribal members and U,S. Forest Service and National Park Service workers. "For nature lovers, an eternity here — if it were possible — offers unparalleled peace amid one of the world's most awe-inspiring landscapes," the survey notes. With nearly 400 gravesites, the cemetery was closed to new burials in 2017 because of a lack of space. Prior to the closure, you must have lived at the canyon for at least three years or made a "significant and substantial contribution" to the Grand Canyon National Park. How to visit: Grand Canyon tourists can visit the cemetery at 24 S. Entrance Road. It is next to the Shrine of the Ages and Parking Lot A. The Sedona Community Cemetery is situated at the base of the city's iconic red rocks, just off State Route 179 among the juniper trees. About 1,450 people are buried at the cemetery, including Arizona's first Latino governor Raul Castro. The earliest burial dates back to 1900. "This tranquil sanctuary appeals to those seeking an eternal bond with Sedona's iconic landscape, where the vivid red rocks and peaceful solitude create a sacred, unforgettable haven," the survey notes. How to visit: The cemetery is at 199 Pine Drive in Sedona. More: This Arizona city is a bucket list travel destination next to towns in Fiji and Egypt This article originally appeared on Arizona Republic: Boothill Graveyard named favorite Arizona burial spot, study says
