Tether, the company behind the USDT stablecoin, is in discussions with Kazakhstan’s central bank about creating a stablecoin pegged to the tenge, the country’s national currency. Both parties are also exploring possibilities for real-world asset tokenization in the country. This collaboration marks a new step in institutional cryptocurrency adoption by a Central Asian nation’s financial authorities. Kazakhstan, which already hosts a significant portion of global bitcoin mining, is strengthening its position in the crypto ecosystem.
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