🇰🇬HUGE: Kyrgyzstan has officially ordered the liquidation of the state-owned issuer of its gold-backed stablecoin, months after UK sanctions. The government also ordered the liquidation of the state-owned Coin Nomad Exchange. The stablecoin, USDKG, launched in November 2025, pegged 1:1 to the US dollar and backed by physical gold. In May, the UK sanctioned its issuer under its Russia sanctions regime. The project says USDKG is ending, and holders can redeem for fiat or USDT. It also plans to burn its roughly 50 MILLION tokens.