Tether and Kazakhstan explore Tenge stablecoin pilot in new deal

Key Summary

Tether has signed an agreement with Kazakhstan's central bank and the Alatau City Authority to study a tenge stablecoin and prepare a possible pilot proposal. The proposed stablecoin aims to provide a blockchain-based version of the tenge, maintaining its value. The agreement also includes workshops on stablecoins, reserve management, and putting conventional assets on blockchain. No launch date has been confirmed, and the project's success will depend on pilot proposals and regulatory conditions.