Tether has signed a memorandum of understanding with Kazakhstan’s National Bank and the Alatau City Authority to explore a tenge-pegged stablecoin, as well as broader plans to tokenize real-world assets. The. . .
Summary
- Tether has signed a memorandum of understanding with Kazakhstan’s National Bank and the Alatau City Authority to explore a tenge-pegged stablecoin, as well as broader plans to tokenize real-world assets.
- The agreement centers on research into how stablecoins could fit into Kazakhstan’s financial system while aligning with public priorities such as transparency and investor protection.
- According to Tether, the parties will study international stablecoin issuance models, map out potential use cases, and develop a proposal for a tenge-backed stablecoin pilot.
- The memorandum also points to work on an asset tokenization framework—first by identifying candidate assets for tokenization, then by planning a pilot project in Alatau that could use Tether’s Hadron platform.
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