Tether has signed a memorandum of understanding with the National Bank of Kazakhstan to explore stablecoin use cases and real-world asset tokenization. This partnership includes the development of a pilot project for a stablecoin pegged to the Kazakh national currency. The agreement also involves creating an asset tokenization framework using Tether’s Hadron platform, with a pilot project planned in the city of Alatau. This collaboration is part of Tether’s broader strategy, as the company also reached an agreement with Georgia to launch the GELT stablecoin. Tether’s exposure to US Treasury bonds is now comparable to that of some sovereign states.
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