The Kyrgyz government is stopping its national stablecoin project, USDKG. The government ordered the finance ministry to liquidate USDKG issuer EVA and CoinNomad, the country’s first state-run cryptocurrency exchange. USDKG launched in November 2025 and was promoted as the first state-issued stablecoin backed by physical gold and pegged 1:1 to the U.S. dollar. About 50 million tokens were issued, mainly for cross-border payments. UK sanctions targeted the issuer in May 2026.

Geely launched its high-performance electric sports sedan TT in China from 129,900 yuan. The model, sold locally as the Galaxy TT, comes in five trims and includes an 800-volt charging system and lidar as standard. Geely said it secured more than 20,000 pre-orders in about two weeks. It said the car can add about 500 km of range with an 11-minute charge and offers up to 425 kW output in the Ultra version.