Market News / Story
Tether, Kazakhstan Central Bank Explore Tenge Stablecoin, RWA Tokenization
Bloomingbit ·
Bloomingbit reports: Tether is jointly reviewing plans with Kazakhstan’s central bank to issue a stablecoin pegged to the tenge, or KZT, and to tokenize real-world assets. Cointelegraph reported on Oct. 7 that Tether signed a memorandum of understanding with the National Bank of Kazakhstan and authorities in Alatau City on the initiative. The three parties plan to analyze stablecoin issuance models used in other countries and use that work to prepare a proposal for a pilot tenge-pegged…