Tether, the issuer of the USDT stablecoin, signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority on October 7, 2026. This framework aims to explore stablecoin use cases, asset tokenization, and decentralized finance, with a project for a stablecoin tied to the tenge. Kazakhstan plans to tokenize up to $60 million in projects within Alatau City by the end of 2026, including the Iconic Tower ($50 million) and the Birlik logistics center ($10 million). These pilots could use Hadron, Tether’s tokenization platform. The MoU is non-binding and the tenge stablecoin remains a goal to explore rather than a launched product.
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