Kyrgyzstan Ends USDKG Stablecoin Project After UK Sanctions
Photo: Pixabay (illustration)
USDKG ends as Kyrgyzstan orders liquidation of its issuer and state-owned crypto exchange. UK sanctions targeted USDKG’s original issuer months before Kyrgyzstan ordered its closure. USDKG holders can redeem tokens for fiat or USDT as the state-backed project winds down. Kyrgyzstan has ended its state-backed USDKG stablecoin project and ordered the liquidation of its issuer and state-owned crypto exchange. The shutdown follows the project’s launch in November 2025 and UK sanctions against its issuer in May 2026.
Source: Live Bitcoin News
