🇰🇿 Kazakhstan Unveils First Tenge-Backed Stablecoin “Evo (KZTE)”

Kazakhstan has officially launched its first stablecoin, Evo (KZTE), pegged 1:1 to the national currency tenge.

🔹 Built on Solana – fast & scalable blockchain
🔹 Issued by Intebix (licensed local exchange)
🔹 Backed by Eurasian Bank under a Regulatory Sandbox
🔹 Global partners: Solana Foundation & Mastercard

💬 National Bank Governor Timur Suleimenov emphasized that Evo is a milestone in connecting traditional finance and Web3, boosting digital services for citizens and driving national economic growth.

Kazakhstan, once a global hub for Bitcoin mining, is now shifting toward Web3 adoption — with plans for a national crypto depository and new financial infrastructure.

👉 Evo isn’t just another stablecoin — it’s designed to be a bridge between banks, blockchain, and everyday payments in Kazakhstan.

Do you think Evo can succeed where CBDC projects have struggled?

#Kazakhstan #Stablecoin #Evo #KZTE #Solana