Tether signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority to prepare a pilot proposal for a tenge-pegged stablecoin and an asset tokenization framework

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Banks, asset managers, corporations and pension funds moving into digital assets through custody launches, trading desks and treasury allocations.