Tether has signed a memorandum of understanding with Kazakhstan's National Bank and Alatau City Authority to explore a tenge-pegged stablecoin pilot and asset tokenization using Tether's Hadron platform. Kazakhstan already regulates stablecoins and tokenized assets under rules effective May 2026 and has piloted a tenge-backed stablecoin since September 2025. The agreement focuses on studying stablecoin issuance models, developing digital finance infrastructure, and preparing pilot proposals without committing to a launch or issuance date. Workshops and training on reserve management, distributed ledgers, and real-world asset tokenization will support the collaboration, with Alatau City potentially hosting the pilot projects under a special economic framework.
As of Oct 07, 2026 19:53 WIB, Tether's USDT trades at Rp17.872 on Pluang with a slight 1-day increase of 0.01%. The stablecoin holds a substantial market cap of Rp3.291,62 trillion and sees a 24-hour trading volume of Rp1.466,42 trillion. Pluang users show balanced order activity with 52% buying and 48% selling, reflecting steady interest in USDT amid developments like the Kazakhstan tenge stablecoin pilot.
Tether has entered a partnership with Kazakhstan’s National Bank and Alatau City Authority to explore the development of tenge-backed stablecoins and tokenized assets. This collaboration aims to support Kazakhstan's ambitions to become a regional hub...
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