✉news BusinessBanking first seen 21 h ago, last 21 h ago, peak #32
Kazakhstan Central Bank Taps Tether for Tenge Stablecoin Study
The National Bank of Kazakhstan has enlisted Tether, the issuer of the world's largest stablecoin, to study the feasibility of a stablecoin pegged to the tenge, the national currency. The collaboration signals growing interest among central banks in using established private crypto firms to explore digital currency options, and could position Kazakhstan among the more crypto-forward economies in Central Asia.
Why now: A central bank formally working with Tether is an unusual sign of mainstream crypto adoption in state finance
National Bank of KazakhstanTetherKazakhstan
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