Web3
Kyrgyzstan Winds Down Gold-Backed USDKG After UK Sanctions
The Defiant·October 8, 2026·1 min read
Kyrgyzstan is winding down its gold-backed USDKG token after UK sanctions, allowing holders to request fiat or USDT as the project prepares to retire its tokens. The shutdown documents leave the disposition of gold reserves unspecified, raising questions about asset backing.
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