Tether signs agreement with Kazakhstan's central bank to explore tenge stablecoin and tokenization
Tether has signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority to explore a tenge-pegged stablecoin, real-world asset tokenization, and decentralized finance initiatives.
Stablecoin issuer Tether has entered into an official memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority. The partnership is designed to jointly examine the rollout of a stablecoin tied to the Kazakhstani tenge, experiment with real-world asset tokenization, and explore decentralized finance applications.[2][3][4][5]
Under the agreement, Tether and the central bank plan to research international stablecoin models, analyze local use cases, and assess the technical infrastructure necessary for a potential pilot launch. The entities also intend to establish a sovereign digital financial framework and draft a structured tokenization proposal.[1][3][5]
The collaboration is set to utilize Hadron by Tether, the company's dedicated tokenization platform. The technology would enable Kazakhstani authorities to issue digital tokens backed by major asset classes, including sovereign reserves, credits, and national commodities, while expanding the integration of the domestic currency across digital finance systems.[3][4][5]
Key facts
- Tether signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority.
- The agreement outlines joint exploration of a tenge-pegged stablecoin, real-world asset tokenization, and decentralized finance.
- The parties will examine global stablecoin frameworks, domestic use cases, and the infrastructure needed to support a pilot proposal.
- Tether's Hadron tokenization platform will be deployed to help authorities tokenize asset classes including national commodities, sovereign reserves, and credits.
- The collaboration aims to create a sovereign digital financial framework and increase adoption of the tenge within digital finance.
Sources · 5 sources
- CB
Coin Bureau@coinbureauPost on X ·
⚡️JUST IN: Tether has officially SIGNED an agreement with Kazakhstan’s central bank to explore a tenge-backed stablecoin. Tether and the National Bank will study global stablecoin models, local use cases and the infrastructure needed for a potential pilot. The agreement also covers Real World Asset tokenization and DeFi.
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
🤝 NEW: Tether has signed an MoU with Kazakhstan's National Bank and the Alatau City Authority to jointly explore stablecoins, asset tokenization and decentralized finance. https://t.co/S7Ssg5hlGr
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Tether has signed an MoU with Kazakhstan's central bank and Alatau City Authority to explore a tenge-pegged stablecoin and asset tokenization. The parties plan to develop a stablecoin pilot proposal and tokenization framework, potentially using Tether's Hadron platform.
Open source - CB
Crypto BriefingArticle ·
Tether signs MoU with Kazakhstan’s central bank to explore tenge stablecoins and tokenized assets Kazakhstan's collaboration with Tether could enhance its fintech landscape, potentially boosting local currency integration in digital finance. The post Tether signs MoU with Kazakhstan’s central bank to explore tenge stablecoins and tokenized assets appeared first on Crypto Briefing .
Open source - BS
BSCN@BSCNewsPost on X ·
Tether is pushing tokenization in Kazakhstan @Tether enters into an official Memorandum of Understanding with the National Bank of Kazakhstan and the Alatau City Authority. The MoU will establish a sovereign digital financial framework, begin asset tokenization experiments, and create a stablecoin tied to the local tenge. The collaboration includes Hadron by Tether, the firm’s exclusive tokenization platform, which enables the Kazakhstani authorities to tokenize key asset classes such as national commodities, credits, and sovereign reserves.
Open source