{"content":"Solana-Powered Stablecoin 🌐 – Kazakhstan Partners With Mastercard Evo, a tenge-backed stablecoin, was launched today by the National Bank of Kazakhstan. The stablecoin is introduced alongside Mastercard and Solana, a major smart contract platform. Kazakhstan Launches Solana-Powered Evo Stablecoin Kazakhstan launched a test trial for its tenge-baked stablecoin, Evo, today. Kazakhstan's currency is the tenge. The release states that other digital assets regulatory sandbox players would supervise Evo's issuance. Crypto exchange Intebix and Eurasian Bank may manage the Evo stablecoin. The inventors call Evo the “national stablecoin” and want to use it to connect blockchain and conventional banking. The stablecoin will extend crypto-fiat gateways, exchange digital assets, and facilitate crypto card transactions. Evo will run on Solana, a low-latency, high-throughput smart contract platform. A seamless payment experience and widespread stablecoin acceptance in Kazakhstan depend on Solana's fast increasing infrastructure. Solana powers the stablecoin and inked an MoU with Kazakhstan's Ministry of Digital Development to develop a blockchain economic zone. The #Kazakhstan National Bank will not issue the stablecoin directly. Instead, the regulator will provide stablecoin issuers a legal foundation. The framework will test Evo and grow the virtual currency industry. National Bank of Kazakhstan Governor Timur Suleimenov stressed the relevance of the pilot project, saying cryptocurrencies and blockchain technology might increase financial accessibility. Growth in stablecoins dominates Despite the rise of Bitcoin (BTC) and Ethereum (ETH), stablecoins are gaining popularity as well. For instance, South Korean banks are allegedly in negotiations with Circle and Tether to create a market for won-backed stablecoins. Standard Chartered may also request a Hong Kong stablecoin license. #AltcoinStrategicReserves #PerpDEXRace #solana ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/24/d530db4452b04f76aae0f458e7ddc7d8.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}