Tether and Kazakhstan Central Bank Explore Tenge-Backed Stablecoin

Tether has signed an agreement with Kazakhstan's central bank to explore the development of a stablecoin backed by the country's tenge currency.
Tether and the National Bank will study international stablecoin models, potential local use cases and the infrastructure required for a possible pilot program.
The agreement also covers real-world asset tokenization and DeFi, expanding the collaboration beyond payments into broader blockchain-based financial infrastructure.