Tether has signed a memorandum of understanding with the National Bank of Kazakhstan and the administration of Alatau City to explore cooperation in stablecoin development, asset tokenization, and decentralized finance. The agreement covers research into international models for stablecoin issuance, the design of a pilot stablecoin tied to Kazakhstan’s national currency, the tenge, and plans for an asset tokenization pilot in Alatau City. Tether CEO Paolo Ardoino said digital asset use cases are moving into real-world applications and even sovereign-level financial infrastructure, adding that the company will support Kazakhstan’s financial innovation goals. Binur Zhalenov, deputy governor of Kazakhstan’s central bank, said cooperation with international technology leaders could open new opportunities for the country’s digital financial infrastructure.
Tether has signed a memorandum of understanding with the National Bank of Kazakhstan and the administration of Alatau City to explore cooperation in stablecoin development, asset tokenization, and decentralized finance.
According to the announcement, the memorandum includes research into international models for stablecoin issuance, the design of a pilot stablecoin tied to Kazakhstan’s national currency, the tenge, and plans to launch an asset tokenization pilot project in Alatau City.
Tether CEO Paolo Ardoino said digital asset use cases are moving from concept into real-world applications and even sovereign-level financial infrastructure. He said Tether will support Kazakhstan’s vision for financial innovation.
Binur Zhalenov, deputy governor of the National Bank of Kazakhstan, said cooperation with international technology leaders would bring new opportunities for the development of the country’s digital financial infrastructure.
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