Tether2026-10-08 03:26:14Tether signs MOU with Kazakhstan central bank to study tenge stablecoin pilotTether said on Oct. 7 that it has signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau city government to study stablecoin development, asset tokenization and decentralized finance. The work includes preparing a concept and pilot proposal for a stablecoin pegged to Kazakhstan’s national currency, the tenge. According to Tether, the parties will also examine international stablecoin issuance models, define potential use cases and explore an asset-tokenization framework in Kazakhstan that could use Hadron, Tether’s tokenization platform. The plan would identify priority asset classes, design tokenization structures and launch a pilot within Alatau’s jurisdiction. The agreement also covers workshops, seminars and training programs for central bank and government personnel on global stablecoin and digital asset markets, issuance and reserve management, and the tokenization of real-world assets using distributed ledger technology. Tether CEO Paolo Ardoino said Kazakhstan is exploring tokenization and strategic reserve frameworks in a cautious and forward-looking way. National Bank of Kazakhstan Deputy Governor Binur Zhalenov said financial stability, transaction transparency and strong investor protection remain the central bank’s top priorities. The announcement did not provide a timeline or name an issuer for a tenge stablecoin.20
Tether2026-10-07 16:25:38Tether, Kazakhstan central bank study tenge stablecoin pilot and RWA tokenizationTether has signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority to examine a tenge-pegged stablecoin and a framework for tokenizing real-world assets. The parties plan to review international models for stablecoin issuance, map out possible use cases and prepare a proposal for a pilot tied to Kazakhstan’s national currency. The agreement also includes work on identifying assets that could be tokenized and launching a pilot in Alatau that may use Tether’s Hadron platform. In parallel, the three parties will run workshops and training sessions focused on stablecoin issuance, reserve management and real-world asset tokenization. The move comes as Kazakhstan steps up its broader digital asset agenda, with government-backed initiatives this year spanning tokenization, crypto payments, mining and digital payments, alongside a 65-measure development plan and updates on the country’s crypto reserve and regulatory sandbox activity.20
