Tether and Kazakhstan Central Bank Sign MoU for Tenge-Pegged Stablecoin

Key Facts

Tether signed a Memorandum of Understanding with the National Bank of Kazakhstan and the Alatau City Authority to explore the issuance of a stablecoin pegged to the Kazakh tenge. According to cryptobriefing.com, the agreement signed on October 7, 2026, establishes a framework for researching asset tokenization, decentralized finance, and international regulatory models for stablecoin issuance.

The partnership aims to tokenize up to $60 million in projects within Alatau City by the end of 2026, including the Iconic Tower and the Birlik logistics center. These pilots may utilize Tether’s Hadron platform as Kazakhstan seeks to modernize its financial landscape and integrate the local currency into digital ecosystems. This collaboration follows recent efforts by the Kazakhstan Stock Exchange to build digital financial asset platforms.