National Bank of Kazakhstan, Tether and Alatau Study Tenge Stablecoin
The National Bank of Kazakhstan has signed a memorandum of understanding with Tether and Alatau to explore the issuance of a tenge-backed stablecoin.
The National Bank of Kazakhstan has signed a memorandum of understanding (MoU) with Tether and Alatau to study the feasibility of issuing a digital tenge stablecoin, according to NewsCord. The agreement brings together the central bank, the stablecoin issuer, and the urban development initiative to examine potential digital asset integration.
Memorandum of Understanding
Instant Telegram notifications for large on-chain moves.
The tripartite agreement focuses on research and evaluation regarding the implementation of a stablecoin pegged to the national currency. Further details regarding timelines or technical architecture were not disclosed in the initial announcement.
Key facts
- The National Bank of Kazakhstan signed an MoU with Tether and Alatau.
- The partnership aims to study a tenge stablecoin.
- Specific launch dates and technical details were not provided in the announcement.
Source: news.google.com
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
