The post How Solana is Building a New Stablecoin for Kazakhstan appeared on BitcoinEthereumNews.com. Kazakhstan is planning to launch “Evo,” a new stablecoin pegged to its national currency, Tenge. Solana, Mastercard, and several local organizations are supporting the project. This project aims to create a cohesive local Web3 industry for the nation. Hopefully, this high level of local commitment and international partnerships can ensure success. Sponsored Sponsored Kazakhstan’s New Stablecoin Kazakhstan is no stranger to the crypto industry, spending several years as an international Bitcoin mining hub. Although this industry has since diminished, the government is still interested in Web3, launching a Bitcoin ETF and pushing for a Crypto Reserve this year. Today, Kazakhstan showed another interest in crypto, as local reporters claim that the nation is planning to launch its own stablecoin. It will be called “Evo” (KZTE) and pegged to the tenge, Kazakhstan’s national currency. Seeing as previous plans to launch a tenge-based CBDC fell apart, this plan might prove more fruitful. Although local media conveyed the government’s enthusiasm for exploring deeper crypto connections, this coverage was a little light on Web3-specific details. However, Tamar Menteshashvili, Solana’s Head of Stablecoins, provided a wide range of details about Kazakhstan’s project, which aims to build a local Web3 ecosystem: Sponsored Sponsored A Strong Lineup of Partners Kazakhstan will issue its new stablecoin on Solana’s blockchain, partnering with several other firms to ensure smooth market access and customer utility. Intebix, a licensed crypto exchange, will issue the KZTE tokens. Mastercard is also a partner, which has been deepening its Web3 presence lately. Additionally, a local team of Solana ecosystem builders is contributing to KZTE. Although it isn’t clear how Superteam Kazakhstan will support this stablecoin, the group aims to unite local founders and projects to create a thriving local economy. Evo could surely assist this goal. The Eurasian Bank, one of the nation’s largest lenders, also contributes to… The post How Solana is Building a New Stablecoin for Kazakhstan appeared on BitcoinEthereumNews.com. Kazakhstan is planning to launch “Evo,” a new stablecoin pegged to its national currency, Tenge. Solana, Mastercard, and several local organizations are supporting the project. This project aims to create a cohesive local Web3 industry for the nation. Hopefully, this high level of local commitment and international partnerships can ensure success. Sponsored Sponsored Kazakhstan’s New Stablecoin Kazakhstan is no stranger to the crypto industry, spending several years as an international Bitcoin mining hub. Although this industry has since diminished, the government is still interested in Web3, launching a Bitcoin ETF and pushing for a Crypto Reserve this year. Today, Kazakhstan showed another interest in crypto, as local reporters claim that the nation is planning to launch its own stablecoin. It will be called “Evo” (KZTE) and pegged to the tenge, Kazakhstan’s national currency. Seeing as previous plans to launch a tenge-based CBDC fell apart, this plan might prove more fruitful. Although local media conveyed the government’s enthusiasm for exploring deeper crypto connections, this coverage was a little light on Web3-specific details. However, Tamar Menteshashvili, Solana’s Head of Stablecoins, provided a wide range of details about Kazakhstan’s project, which aims to build a local Web3 ecosystem: Sponsored Sponsored A Strong Lineup of Partners Kazakhstan will issue its new stablecoin on Solana’s blockchain, partnering with several other firms to ensure smooth market access and customer utility. Intebix, a licensed crypto exchange, will issue the KZTE tokens. Mastercard is also a partner, which has been deepening its Web3 presence lately. Additionally, a local team of Solana ecosystem builders is contributing to KZTE. Although it isn’t clear how Superteam Kazakhstan will support this stablecoin, the group aims to unite local founders and projects to create a thriving local economy. Evo could surely assist this goal. The Eurasian Bank, one of the nation’s largest lenders, also contributes to…

How Solana is Building a New Stablecoin for Kazakhstan

2025/09/24 07:11

Kazakhstan is planning to launch “Evo,” a new stablecoin pegged to its national currency, Tenge. Solana, Mastercard, and several local organizations are supporting the project.

This project aims to create a cohesive local Web3 industry for the nation. Hopefully, this high level of local commitment and international partnerships can ensure success.

Sponsored

Sponsored

Kazakhstan’s New Stablecoin

Kazakhstan is no stranger to the crypto industry, spending several years as an international Bitcoin mining hub. Although this industry has since diminished, the government is still interested in Web3, launching a Bitcoin ETF and pushing for a Crypto Reserve this year.

Today, Kazakhstan showed another interest in crypto, as local reporters claim that the nation is planning to launch its own stablecoin. It will be called “Evo” (KZTE) and pegged to the tenge, Kazakhstan’s national currency.

Seeing as previous plans to launch a tenge-based CBDC fell apart, this plan might prove more fruitful.

Although local media conveyed the government’s enthusiasm for exploring deeper crypto connections, this coverage was a little light on Web3-specific details.

However, Tamar Menteshashvili, Solana’s Head of Stablecoins, provided a wide range of details about Kazakhstan’s project, which aims to build a local Web3 ecosystem:

Sponsored

Sponsored

A Strong Lineup of Partners

Kazakhstan will issue its new stablecoin on Solana’s blockchain, partnering with several other firms to ensure smooth market access and customer utility. Intebix, a licensed crypto exchange, will issue the KZTE tokens. Mastercard is also a partner, which has been deepening its Web3 presence lately.

Additionally, a local team of Solana ecosystem builders is contributing to KZTE.

Although it isn’t clear how Superteam Kazakhstan will support this stablecoin, the group aims to unite local founders and projects to create a thriving local economy. Evo could surely assist this goal. The Eurasian Bank, one of the nation’s largest lenders, also contributes to the project.

Together, these actors aim to create more than a stablecoin for Kazakhstan; they want to build a local crypto ecosystem.

By expanding the crypto-fiat gateway, exchanging digital assets, and supporting transactions via cryptocurrency cards, Evo could bring the country on-chain in many key ways.

Ideally, this stablecoin will bridge the gap between TradFi and Web3 in Kazakhstan. State institutions, major private banks, and international credit card companies are participating, clearly showing strong commitments.

Source: https://beincrypto.com/kazakhstan-stablecoin-solana-mastercard-partnerships/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Top Crypto Presales of 2025

Top Crypto Presales of 2025

The post Top Crypto Presales of 2025 appeared on BitcoinEthereumNews.com. Crypto News Discover the top crypto presales of 2025 with BlockDAG, Bitcoin Hyper, Snorter Token, and BlockchainFX leading innovation and market growth. The 2025 presale phase is reshaping how early-stage blockchain projects gain traction. As global interest rises, market participants are turning toward the top crypto presales that offer real technology, adoption potential, and structured growth. This wave introduces several promising names, such as Bitcoin Hyper (HYPER), Snorter Token (SNORT), and BlockchainFX (BFX), each contributing to a specific area of crypto from trading automation to financial integration. Yet, one name has outshone them all: BlockDAG (BDAG). Having raised over $434 million, BDAG continues to prove that reaching a $1 valuation is not just speculation but a calculated path forward. This lineup of top crypto presales showcases how innovation and structure define the projects poised to lead the next growth era. BlockDAG (BDAG): The Project Redefining Market Potential While many projects rely on hype, BlockDAG (BDAG) is building its reputation through data-backed performance, making it a leader among the top crypto presales of 2025. Currently in Batch 31 at $0.0015 per coin, BDAG has crossed $434 million in raised funds, sold 27.1B+ coins, and attracted a massive base of 312,000 holders and 3 million miners through its X1 mobile app. The confirmed launch price of $0.05 already implies a 3,233% ROI for early participants, though some analysts believe its potential goes much higher. If BDAG reaches $1, its estimated market cap would approach $27 billion, placing it within the top 20 rankings on CoinMarketCap, just below projects like Polygon and Avalanche. Its hybrid DAG and Proof-of-Work model, 1,400 TPS capability, and partnership with the BWT Alpine F1 Team make this projection appear grounded rather than speculative. Each presale batch continues to sell out quicker than the last, reflecting strong and growing…
Share
BitcoinEthereumNews2025/10/30 07:23
Fed Cuts Interest Rate Again – Will Crypto Rally Or Stall?

Fed Cuts Interest Rate Again – Will Crypto Rally Or Stall?

The post Fed Cuts Interest Rate Again – Will Crypto Rally Or Stall? appeared on BitcoinEthereumNews.com. The Federal Reserve lowered its benchmark interest rate by 25 basis points to 3.75–4.00% on Wednesday, marking its second rate cut this year. The central bank said economic growth remains moderate while job gains have slowed and unemployment has edged up. Inflation, however, remains “somewhat elevated,” keeping the Fed cautious about further policy easing. Sponsored Sponsored Fed Balances Inflation and Labor Market Risks The decision also confirmed that the Fed will end quantitative tightening on December 1, effectively pausing its balance sheet reduction earlier than expected. The statement highlighted growing downside risks to employment, a shift from prior meetings that focused mainly on inflation.  The Fed said it will assess future policy “based on incoming data” and the “balance of risks” to its dual mandate. Chair Jerome Powell and most committee members backed the move, while two dissented. Stephen Miran supported a deeper 50 bps cut, citing weaker job data.  Market Expectations For December Rate Cuts. Source: CME FedWatch Economic Context Available indicators show that growth continues at a moderate pace, but key labor measures are softening. The unemployment rate remains low, though the Fed acknowledged it has risen slightly since the summer. Sponsored Sponsored Inflation has picked up since early 2025, reinforcing concerns that prices could stay above the 2% target longer than expected. Futures markets now price a 70% chance of another 25 bps cut in December.  However, Powell is expected to stress a data-driven approach at the press conference. Outlook for Crypto Markets The policy shift may bolster risk appetite in the short term. Bitcoin and major altcoins often benefit when liquidity expands and bond yields fall. Major KOLs such as MicroStrategy’s Michael Saylor and Robert Kiosaki earlier predicted Bitcoin price to go beyond $150,000 by the end of 2025.  However, persistent inflation could limit broader enthusiasm.…
Share
BitcoinEthereumNews2025/10/30 07:31