started · updated
Tether and Kazakhstan explore tenge-pegged stablecoin
Tether has signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority to explore the creation of a stablecoin pegged to the Kazakhstani tenge. The agreement focuses on studying international issuance models, reserve management, and potential domestic use cases for a blockchain-based version of the national currency.
In addition to the stablecoin exploration, the partnership aims to develop a framework for the tokenization of real-world assets. The parties intend to identify suitable assets for tokenization and may launch a pilot project in Alatau City utilizing Tether’s Hadron platform.
The initiative aligns with Kazakhstan’s broader digital asset strategy, which includes regulatory frameworks for money-backed stablecoins and tokenized assets. This follows a previous pilot in September 2025 that involved the exchange Intebix, Solana, Mastercard, and Eurasian Bank.
Entities
Alatau · Alatau City Authority · National Bank of Kazakhstan · Paolo Ardoino · Tether
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Kazakhstan previously launched a tenge-denominated stablecoin pilot in September 2025 involving Intebix, Solana, Mastercard, and Eurasian Bank. ambcrypto.com · www.crypto-news-flash.com
- [● 3 SOURCES] Tether has signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority. www.cryptobreaking.com · ambcrypto.com · www.crypto-news-flash.com
- [● 2 SOURCES] The parties will study international stablecoin issuance models and reserve management concepts. www.cryptobreaking.com · ambcrypto.com
- [● 2 SOURCES] A pilot project for asset tokenization is being considered for Alatau City using the Tether Hadron platform. www.cryptobreaking.com · ambcrypto.com
- [● 3 SOURCES] The agreement aims to explore the development of a tenge-pegged stablecoin. www.cryptobreaking.com · ambcrypto.com · www.crypto-news-flash.com
- [● 3 SOURCES] The memorandum includes creating a framework for real-world asset (RWA) tokenization. www.cryptobreaking.com · ambcrypto.com · www.crypto-news-flash.com
- [○ 1 SOURCE] Workshops on stablecoins and reserve management will be conducted for central bank and government employees. ambcrypto.com