The Kazakhstan Central Bank is launching a national stable with Solana

Little by little, Kazakhstan has built a cozy nest in the crypto industry. There was a bumpy beginnings: blurred regulations, international distrust, uncertainties on stability. But times have evolved. The mentalities of leaders too. Today, the country is not content to follow; He innovates. The launch ofEvo (Kzte)the first national stablecoin backed by tengepropelled by Solara and integrated thanks to MasterCardembodies this turning point. Blockchain, financial inclusion, public -printed partnership: these are the new watchwords of an ambitious and pragmatic crypto strategy.

When the central bank goes from the regulator to the institutional builder

The Stablecoin Evo marks an unprecedented step in the traditional role of a central bank. Led by the National Bank of Kazakhstan,, This project It is not content to supervise innovation – he pilots it from his regulatory sandbox. The partners are intebix (crypto exchange) and Eurasian Bank. The National Bank provides the legal framework which allows the emission and the test of the Kzte, guarantor of the Tenge.

According to TALGAT DOSSANOVfounder of Intebix: ” This is still the first case where the central bank plays a proactive role in the emission of the stablecoin ».

The governor Timur Suleimenov said ::

Today, we are launching, in the format of the regulatory sandbox of the National Bank, the first Stablecoin Kazakh, labeled in our national currency, Tenge. The modern world is experiencing an era of digital transformation, which includes challenges but, above all, an immense number of opportunities. Digital assets and blockchain technologies occupy a special place here. They open up new prospects for the development of financial services, improvement of financial inclusion, the creation of innovative products and, on the whole, the progress of our country

This shade passage at the center of the scene signals a new governance pact. Kazakhstan is no longer content to authorize crypto -activity: it guides it, structure, integrates it into its national monetary ambitions. This institutionalization reassures. It balances innovation and sovereignty.

Solana, Mastercard and the technological bet of a stablecoin crypto -ferty

Choose Solara To host Evo is no coincidence. This blockchain is fast, inexpensive and optimized for scalability. It adapts to micropaments and daily use, both for individuals and for businesses. An ideal basis for stablecoin with a national, even transnational vocation.

MasterCardon the other hand, opens connections with other stablecoins transmitters. This strategy makes EVO compatible with global payment standards. A lever for the general public adoption, without short-circuiting the banks.

Five key markers

• 13 % : World share of the Bitcoin hashrate attributed to Kazakhstan in 2022.
• 1: 1 : parity of the Stablecoin Evo with the Kazakh Tenge.
• Solara : The blockchain chosen for its speed and energy efficiency.
• Sandbox : regulatory area allowing experiments without excessive constraint.
• November 2023 : Official launch of the digital Tenge (CBDC).

This technological duo acts as a spine for the country's digital ecosystem. By aligning crypto and banking infrastructure, Kazakhstan shows that a state can shape its own trajectory in decentralized finance, without alienating stability or sovereignty.

In early September, Kazakhstan formalized the creation of a Crypto national reserve. This announcement perfectly completes the Stablecoin Evo strategy. The country no longer timidly put on the sector: it is committed to it methodically. Like other wise nations before him, he seems determined to transform the test into a model.