Tether and Kazakhstan Explore a Tenge-Pegged Stablecoin
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AI-assisted source synthesis · not an independent investigation.
On October 7, 2026, the National Bank of Kazakhstan, Tether, and the Alatau City Authority signed a memorandum of understanding to explore a stablecoin pegged to the Kazakhstani tenge, the tokenization of real-world assets, and decentralized finance applications. The parties plan to advance pilot projects under Alatau’s special legal regime, with Tether’s Hadron platform potentially participating. The agreement does not mean that Kazakhstan has decided to issue a stablecoin or adopt the relevant technologies. A report on October 8 stated that the cooperation also includes developing a concept and pilot plan for a tenge stablecoin. According to other reports, Binance had previously launched Binance Pay on 5,000 POS terminals through Alatau City Bank, primarily supporting the instant conversion of digital assets such as USDT into tenge.
AI-written from reports · updated 8 days ago
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- CryptopolitanTether enters Kazakhstan’s “CryptoCity,” one month after Binance
Tether signed an MoU with the National Bank of Kazakhstan (NBK) and Alatau City Authority to explore a framework for a tenge stablecoin and real-world asset tokenization. The partnership includes developing a concept and pilot plan for a tenge stablecoin, and may use the Hadron tokenization platform. Binance previously launched Binance Pay through Alatau City Bank on 5,000 POS terminals, enabling digital assets, primarily USDT, to be instantly converted into tenge.
- CoinDeskNational Bank of Kazakhstan and Tether explore tenge stablecoin and asset tokenization
The National Bank of Kazakhstan, Tether and Alatau City Authority signed a memorandum of understanding to explore a stablecoin pegged to the Kazakhstani tenge, real-world asset tokenization and decentralized finance applications. The parties plan to advance pilots under Alatau’s special legal regime, with Tether’s Hadron platform potentially participating, but the agreement does not mean Kazakhstan has decided to issue a stablecoin or adopt the technology.