Tether, Kazakhstan Central Bank Sign Deal on Tenge Stablecoin, RWA Tokenization

The significance lies less in a tenge stablecoin itself than in the template: a national central bank formally working with the largest offshore stablecoin issuer on RWA tokenization, rather than building only domestic infrastructure. That model touches emerging-market monetary authorities weighing tokenized sovereign assets, and established issuers seeking state-level legitimacy. The open question is whether the framework produces concrete pilots or remains exploratory, since no timeline was given.