S&P 5007,773.95▲0.7% Nasdaq27,477.31▲1.1% Dow51,267.90▲0.2% Russell 2K2,847.14▲0.5% 10-Yr5.31%+3bp VIX15.52+0.21 WTI$89.70▼1.6% Gold$4,150.40▼0.3% EUR/USD1.122▼0.3% BTC$81,704▼1.9% Nikkei70,082▲0.2%
At close · Tue, Oct 6, 2026
Daily Market Updates.

Crypto

Home›Crypto›Market Structure›Kyrgyzstan shuts down gold-backed USDKG token, offers…

Kyrgyzstan shuts down gold-backed USDKG token, offers fiat or USDT

The project plans to retire USDKG tokens, but its shutdown paperwork does not specify what will happen to the gold reserves.

Reported · Written up by our desk · Market Structure

Kyrgyzstan is winding down its gold-backed USDKG token, according to The Defiant.

The project says holders can request either fiat or USDT as part of the token retirement process.

However, The Defiant reports that the shutdown documents do not state how the token’s gold reserves will be handled.

Latest closeGold $4,150.40 ▼0.3%

← Newer storyAbstract plan leaves no independent ETH exit after Dec. 15

More like this

CryptoOndo launches trading in OpenAI-linked private-market note
CryptoAbstract plan leaves no independent ETH exit after Dec. 15
CryptoStarknet considers shifting to an independent layer 1 for quantum security
CryptoEthereum’s Sepolia test network boosts block gas limit to nearly 200M
CryptoTokenization could reshape trading and lending beyond bitcoin and ether

Sources

The DefiantKyrgyzstan Winds Down Gold-Backed USDKG After UK Sanctions

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.