Kyrgyz Republic Approved to Proceed with Nano Labs’ CNH-Pegged Stablecoin Initiative

HONG KONG, Aug. 04, 2025 (GLOBE NEWSWIRE) — Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading Web 3.0 infrastructure and product solution provider in China, today announced receipt of approval from the Kyrgyz Republic to proceed with its proposal (the “Proposal”) to issue a stablecoin pegged to the offshore Chinese Yuan (CNH) within the country.

Source: https://www.globenewswire.com/news-release/2025/08/04/3126393/0/en/Kyrgyz-Republic-Approved-to-Proceed-with-Nano-Labs-CNH-Pegged-Stablecoin-Initiative.html