Kyrgyzstan Shuts Down USDKG Stablecoin After UK Sanctions
- —Issuer EVA and the country's first state-owned exchange Coin Nomad are being liquidated
- —Registered issuance exceeded 50 million USDKG tokens
- —The stablecoin launched in November 2025 on Tron, pegged 1:1 to the dollar
- —The UK added the issuer to its sanctions list on May 26
Why it matters: The shutdown a year after launch adds pressure on crypto structures tied to Russia.
Source: Blockonomi