National Bank of Kazakhstan taps Tether for stablecoin study

The National Bank of Kazakhstan said it will study a local currency-linked stablecoin and tokenized real-world assets in collaboration with Tether. The exploration marks another central bank engaging directly with a stablecoin issuer as it weighs digital forms of domestic money and onchain asset markets.

• The work will examine a Kazakhstan-currency-pegged stablecoin and tokenized RWAs.
• No details on study scope, timeline, or pilot commitments were disclosed.