The Kyrgyz government has decided to end operations of Gold Dollar (USDKG), a state stablecoin, and has ordered the Finance Ministry to liquidate its issuer EVA as well as Coin Nomad Exchange, described in the source as the country’s first state-owned cryptocurrency exchange. USDKG was launched in November 2025 and was positioned as a government-issued stablecoin backed by physical gold and pegged 1:1 to the U.S. dollar. Its registered issuance was slightly above 50 million tokens, and the asset ran on the Tron blockchain. The move marks a full halt to the project’s operation based on the information provided by Odaily.
According to Odaily, the Kyrgyz government has decided to terminate operations of Gold Dollar (USDKG), the country’s state stablecoin, and has instructed the Finance Ministry to liquidate issuer EVA and Coin Nomad Exchange, identified as Kyrgyzstan’s first state-owned cryptocurrency exchange.
USDKG was launched in November 2025. It was positioned as a government-issued stablecoin backed by physical gold and pegged 1:1 to the U.S. dollar. Its registered issuance was slightly more than 50 million tokens, and it operated on the Tron blockchain.
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