- Tether signed an MOU with Kazakhstan‘s central bank and the Alatau City Authority to explore a tenge-pegged stablecoin and asset tokenization.
- The partnership will study international stablecoin issuance models, develop a stablecoin pilot proposal, and launch a tokenization project in Alatau using Tether‘s Hadron platform.
- Kazakhstan accelerated its digital asset strategy by approving a 65-measure plan, growing its crypto reserve to $700 million, and ranking among the top 10 global Bitcoin producers.
Tether has signed an MOU with Kazakhstan’s central bank and the Alatau City Authority to explore a tenge-pegged stablecoin and real-world asset tokenization, according to Tether.
Under the agreement, the parties will study international stablecoin issuance models and develop a proposal for a tenge-backed stablecoin pilot. The partnership also calls for developing an asset tokenization framework using Tether‘s Hadron platform.
The group will hold workshops covering stablecoin issuance and reserve management. National Bank of Kazakhstan Deputy Governor Binur Zhalenov said the central bank will prioritize financial stability, transaction transparency and investor protection.
Meanwhile, Kazakhstan accelerated its broader push into digital assets this year. In September, the government approved a 65-measure plan across 10 areas to develop the industry.
The plan includes expanding asset tokenization, digital payments, and crypto mining. The government instructed energy and digital ministries to develop a mechanism for using gas- and coal-fired power for mining centers.
Kazakhstan’s National Strategic Crypto Reserve reached $700 million, and 34 digital asset projects completed testing in the central bank’s Sandbox. Data from BitcoinTreasuries.net ranks Kazakhstan seventh among governments for Bitcoin holdings, with 3,544 BTC worth about $294 million.
Kazakhstan ranked among the world’s top 10 countries for Bitcoin production in 2025, according to the government.
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