CryptoSlate|Sep 07, 2026 10:55
CZ praised Kyrgyzstan’s KGST stablecoin during a visit to the country’s crypto council. He did not mention the separate USDKG project.
USDKG’s issuer is state-owned and under UK sanctions. Retail holders cannot redeem directly; their exit depends on finding a buyer.
https://cryptoslate.com/czs-kyrgyzstan-visit-highlights-why-state-backing-does-not-guarantee-a-stablecoin-exit/(CryptoSlate)
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