On October 7, 2026, Tether announced an MoU with Kazakhstan’s National Bank and the Alatau City Authority to explore stablecoin use cases, asset tokenization, and decentralized finance. The work includes studying a possible tenge-linked stablecoin, identifying assets for tokenization, designing a model, and planning an asset-tokenization pilot in Alatau, alongside workshops on issuance, reserves, and tokenization. Tether’s announcement CoinDesk’s report
The announcement describes exploration and pilot planning; it does not establish that a tenge stablecoin has launched or specify its issuer, backing, timeline, or terms. Kazakhstan’s National Bank deputy governor said financial stability, transaction transparency, and investor protection remain priorities. Tether’s announcement