đ°đż Kazakhstan Launches KZTE Stablecoin on Solana
The National Bank of Kazakhstan has officially rolled out KZTE, the countryâs first stablecoin backed 1:1 by the Kazakhstani tenge (KZT).
đ Key Highlights
đ€ Developed in partnership with Mastercard, Intebix, and Eurasian Bank.
đȘ Fully backed by the tenge, ensuring stability and trust.
âïž Issued on the Solana blockchain, chosen for speed and scalability.
đ Designed to power digital payments, cross-border transactions, and blockchain-based financial services across Kazakhstan and beyond.
đ Why It Matters
KZTE represents a major milestone in Kazakhstanâs fintech and digital asset strategy. By combining the security of a central bank-backed currency with the efficiency of Solanaâs blockchain, the project is set to:
Streamline payments for consumers and businesses.
Encourage innovation in the local DeFi and fintech ecosystem.
Strengthen Kazakhstanâs role in the global shift toward digital currencies.
đ With strong institutional backing and blockchain integration, KZTE could become a model for how emerging markets accelerate digital finance adoption.
