✉news BusinessBanking first seen 7 h ago, last 3 h ago, peak #7
Tether Signs MoU With Kazakhstan's Central Bank Over Tenge Stablecoin
Original: Tether Signs MoU With Kazakhstan’s Central Bank to Explore a Tenge Stablecoin
Tether has signed a memorandum of understanding with the National Bank of Kazakhstan to explore issuing a stablecoin pegged to the tenge, the country's currency. The agreement signals growing cooperation between the world's largest stablecoin issuer and a central bank, and would mark a notable step in bringing regulated digital currency infrastructure to Central Asia if the project moves forward.
Why now: A major stablecoin issuer partnering with a central bank on a national currency token is a significant development in the convergence of crypto and state finance.
TetherNational Bank of KazakhstanKazakhstantenge
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