Tether and Kazakhstan's Central Bank Explore Stablecoin and Asset Tokenization
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Tether, Kazakhstan Cenbank Mull Tenge Stablecoin and Asset Tokenization
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Published: Oct 7, 2026
Tether has signed an agreement with Kazakhstan’s central bank and the Alatau City Authority to explore:
- A tenge-pegged stablecoin
- Tokenizing real-world assets
Under the memorandum of understanding, they will:
- Study international stablecoin issuance models.
- Identify potential use cases.
- Develop a proposal for a tenge-backed stablecoin pilot.
- Create an asset tokenization framework, including identifying assets and launching a pilot project in Alatau using Tether’s Hadron platform.
Workshops and training programs will be held on:
- Stablecoin issuance.
- Reserve management.
- Real-world asset tokenization.
National Bank of Kazakhstan's Deputy Governor, Binur Zhalenov, stated the central bank aims to:
- Study international approaches while prioritizing financial stability, transaction transparency, and investor protection.
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Kazakhstan's Digital Asset Push
- Government plan: In September, Kazakhstan approved a 65-measure plan across 10 areas for developing the digital asset industry.
- Initiatives: Stablecoins, tokenization, crypto payments, and mining.
- Bitcoin Production: Ranked among the top 10 countries in 2025, with an estimated 3,544 BTC worth about $294 million.
- National Strategic Crypto Reserve: Reached $700 million, with 34 digital asset projects testing in the central bank's regulatory sandbox.
Source:
BitcoinTreasuries.NET
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