Kyrgyzstan Halts National Stablecoin USDKG, Will Liquidate Issuer EVA and Coin Nomad Exchange

Odaily News: The Kyrgyzstan government has decided to terminate the operations of its national stablecoin Gold Dollar (USDKG) and has requested the Ministry of Finance to liquidate the issuer EVA and the country's first state-owned cryptocurrency exchange, Coin Nomad Exchange. USDKG was launched in November 2025, positioned as a state-issued stablecoin backed by physical gold and pegged 1:1 to the US dollar, with a registered issuance of slightly over 50 million tokens, running on the Tron blockchain.