Kyrgyzstan has terminated its USDKG stablecoin project and instructed the Finance Ministry to liquidate EVA, the issuer of USDKG, and Coin Nomad Exchange, the country's first state-owned cryptocurrency exchange. USDKG, launched in November 2025, was a gold-backed token pegged 1:1 to the U.S. dollar, mainly used for cross-border settlements. The UK sanctioned EVA in May 2026 for allegedly supporting the Russian government economically. The liquidation marks a significant step in Kyrgyzstan's digital asset regulation and infrastructure overhaul.
Kyrgyzstan's termination of the USDKG stablecoin project comes as 20 of 50 major cryptocurrencies on Pluang rose while 29 fell. For readers following the crypto market, here is Pluang's snapshot as of Oct 08, 2026 09:22 WIB: XTZ (Tezos) traded at Rp5.525 with a 1-day change of -3.00% and a typical hold time of 100 days, UNI (Uniswap) was at Rp141.584 with a -2.98% change and a hold time of 65 days, and THETA (Theta Network) stood at Rp3.904 with a -2.89% change and a hold time of 77 days. Pluang order activity showed strong buying interest in these assets.
The 5th edition of the Dubai Michelin Guide features 122 restaurants, nearly doubling since its debut. Orfali Bros was promoted to two Michelin stars, while two new restaurants, Birch and KIGO, earned their first stars. The guide highlights Dubai's g...
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