#Tether will help Kazakhstan develop a stablecoin on the tenge
The company has signed a memorandum with the National Bank of Kazakhstan and the administration of the city of Alatau.
The parties will study the possibility of issuing a stablecoin pegged to the tenge and will prepare a proposal to launch a pilot project. Who exactly will become the token issuer is still not determined.
The partners also plan to develop infrastructure for tokenizing real assets. The pilot may be launched in Alatau using the #Tether Hadron platform.
The document currently only records the parties’ intentions; specific launch timelines, the technical network, and the parameters of the future stablecoin are not disclosed.
Earlier, Kazakhstan began forming a national crypto reserve and launched a separate pilot of a tenge stablecoin, Evo, with the participation of #solana and Mastercard.
$USDT $SOL
The company has signed a memorandum with the National Bank of Kazakhstan and the administration of the city of Alatau.
The parties will study the possibility of issuing a stablecoin pegged to the tenge and will prepare a proposal to launch a pilot project. Who exactly will become the token issuer is still not determined.
The partners also plan to develop infrastructure for tokenizing real assets. The pilot may be launched in Alatau using the #Tether Hadron platform.
The document currently only records the parties’ intentions; specific launch timelines, the technical network, and the parameters of the future stablecoin are not disclosed.
Earlier, Kazakhstan began forming a national crypto reserve and launched a separate pilot of a tenge stablecoin, Evo, with the participation of #solana and Mastercard.
$USDT $SOL