CZ praised Kyrgyzstan’s KGST stablecoin but did not mention USDKG, CryptoSlate reports
CryptoSlate says USDKG’s issuer is state-owned and under UK sanctions. Retail holders cannot redeem directly; they depend on finding a buyer to exit.
TLDR
CryptoSlate reports that CZ praised Kyrgyzstan’s KGST stablecoin during a visit to the country’s crypto council, without mentioning the separate USDKG project. The outlet says USDKG’s issuer is state-owned and under UK sanctions, and that retail holders cannot redeem directly—their exit depends on finding a buyer.
Combined views
1.5K
1 Source, first seen 24d ago
2 likes1 comments