According to a USDKG project announcement on October 8 (UTC+8), in accordance with Kyrgyzstan’s Cabinet of Ministers Order No. 639-t issued on August 20, 2026, the USDKG project will cease operations, including all related activities on the blockchain network. USDKG holders may apply to exchange their existing tokens for fiat currency or USDT via the official email address. The announcement did not provide further details regarding the specific reasons for the project’s cessation or subsequent arrangements; affected token holders may contact the project team via the provided email for exchange inquiries. (Source: BlockBeats)
The Kyrgyzstan Government Orders the USDKG Stablecoin Project to Cease Operations
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Summary
On October 8, 2026, the USDKG project issued an announcement stating it would cease operations following a government cryptocurrency regulation directive from Kyrgyzstan’s Cabinet on August 20, 2026. Token holders may apply via the official email address to exchange their tokens for fiat currency or USDT. The announcement did not specify the reason for the shutdown or any future plans.
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