Kazakhstan Taps Tether to Explore a New Tenge Stablecoin Model
Kazakhstan already has a tenge stablecoin in a central-bank sandbox. Now it has brought Tether into the room to study another one. Tether, the National Bank of Kazakhstan, and the Alatau City Authority signed an exploratory memorandum on Wednesday covering a possible tenge-pegged stablecoin, asset tokenization, and decentralized finance (DeFi). No coin has been approved, […]
Key Takeaways
- Kazakhstan already has a tenge stablecoin in a central-bank sandbox.
- Now it has brought Tether into the room to study another one.
- Tether, the National Bank of Kazakhstan, and the Alatau City Authority signed an exploratory memorandum on Wednesday covering a possible tenge-pegged stablecoin, asset tokenization, and decentralized finance (DeFi).
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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