Kazakhstan central bank collaborates with Solana and Mastercard to introduce KZTE stablecoin linked to local currency

On September 23rd, it was reported that Kazakhstan’s Central Bank is launching the KZTE stablecoin in collaboration with Solana and Mastercard, within a regulatory sandbox to boost crypto integration.

The Evo stablecoin will simplify crypto-to-fiat transactions, enhance exchanges, and support transactions across various platforms, helping form a robust digital asset ecosystem.