Tether signs MoU with Kazakhstan’s central bank to explore tenge stablecoins and tokenized assets

Tether, the company behind the USDT stablecoin, has signed a Memorandum of Understanding with the National Bank of Kazakhstan (NBK) and the Alatau City Authority (ACA). The agreement, signed on October 7, 2026, sets up a framework to explore stablecoin use cases, asset tokenization, and decentralized finance. What the agreement covers Within that framework, the parties plan to work toward a stablecoin tied to the tenge. They also intend to launch tokenization pilots in Alatau City, a planned innovation district positioning itself as a fintech and smart-city hub. Those pilots could run on Hadron, Tether’s tokenization platform. Tokenization means turning a real-world asset, like a building or a loan, into digital tokens that can be issued, tracked, and traded on a blockchain. The agreement goes beyond the technology itself. It includes a focus on studying international models for how stablecoins get issued and regulated. It also covers educational efforts, such as workshops. The broader framing leans on financial stability and investor protection. The $60 million pilot and a busy week for Alatau Kazakhstan plans to tokenize up to $60 million in projects within Alatau City by the end...