Asia's weekly TOP10 crypto news: Kyrgyzstan Halts National Stablecoin Project, South Korea Tightens Cross-Border Virtual Asset Oversight and Top10 News

1. Kyrgyzstan Terminates National Stablecoin USDKG Project and Liquidates Issuer Exchange link The government of Kyrgyzstan has decided to terminate the national stablecoin USDKG project and instructed the Ministry of Finance to liquidate its issuer EVA as well as Coin Nomad Exchange, the country’s first state-owned cryptocurrency exchange. Launched in November 2025, USDKG was touted as the world’s first state-issued stablecoin backed by physical gold and pegged 1:1 to the US dollar, with an issuance volume of approximately 50 million tokens mainly for cross-border settlements.