Kazakhstan’s central bank has signed an agreement with Tether on tokenization and the issuance of a tenge-backed stablecoin

The administration of the digital city of Alatau has also joined the partnership. The parties will study international stablecoin issuance models and develop a pilot project based on them. At the same time, tokenization will be launched in Alatau through Tether’s Hadron platform.

Tether, the central bank, and the Alatau administration will also conduct educational programs focused on stablecoin issuance, reserve management, and RWA tokenization. Kazakhstan ranks 7th in the world among countries by BTC holdings — 3.5 thousand BTC ($288 million).