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Kazakhstan is advancing a dual model by piloting its digital tenge CBDC alongside the Evo stablecoin as part of its push to be a crypto hub.

 CBDCs vs stablecoins: Kazakhstan says Evo not a rival to digital tenge 

Kazakhstan is advancing a dual model by piloting its digital tenge CBDC alongside the Evo stablecoin as part of its push to become a crypto hub.

Kazakhstan is planning to launch &ldquo;Evo,&rdquo; a new stablecoin pegged to its national currency, Tenge. Solana, Mastercard, and several local organizations are supporting the project.

Kazakhstan Is Launching a National Stablecoin on Solana

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Kazakhstan has officially entered the stablecoin market with the launch of Evo (KZTE), a digital asset tied to the national currency, the Tenge. The announcement was part of the National Bank of Kazakhstan’s program to test new digital assets and financial technologies in a controlled environment.

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CBDCs vs stablecoins: Kazakhstan says Evo not a rival to digital tenge

CBDCs vs stablecoins: Kazakhstan says Evo not a rival to digital tenge

Kazakhstan Is Launching a National Stablecoin on Solana

Kazakhstan Central Bank Launches First National Stablecoin on Solana

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