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Kazakhstan starts Evo Stablecoin: Revolution in Finance!
Kazakhstan's National Bank announces Evo Stablecoin, coupled to the Tenge, to revolutionize digital payments.
Kazakhstan starts Evo Stablecoin: Revolution in Finance!
The National Bank of Kazakhstan announced on September 23, 2025 the introduction of Evo (Knte), a new stable coin that is coupled to the local currency Tenge. Loud Crypto News Is out of the domestic crypto exchange intebix and is part of a regulatory sandpit that should enable the country to create innovation-friendly framework conditions. The stable coin is based on the Solana (Sol) blockchain, which indicates modern and scalable technology.
The introduction of EVO is intended to advance digital transformation in Kazakhstan by serving as a test field for the effects of stable coins on payment flows for consumers and companies. The National Bank not only pursues technological progress, but also a strengthening of trust in the national financial system. National Bank governor Timur Suleimenov emphasized that the advantages of the stable coin could be particularly significant for the country's banking system.
Partnerships and early application
The partnerships with Eurasian Bank and Mastercard are a significant part of the project. The latter will play a key role in the implementation of the stable coin, while Eurasian Bank is expected to be one of the first institutions that operationalize stable coin payments. Lyazzat Satieva, the chairwoman of the management of Eurasian Bank, was optimistic about the new possibilities that technology offers for retail and business users. Their focus is on accelerating payments, making more secure and thus strengthening trust in the financial system.
The seamless integration of KOTT into payment transactions could not only increase efficiency, but also improve access to digital financial services for a broader population group in Kazakhstan. The platform is seen as an important step towards a more lucrative and contemporary financial landscape.
A look into the future
Overall, the introduction of Evo is an important step for Kazakhstan in the direction of a modern financial system that wants to use stable coins and blockchain-based technologies. Due to this innovative approach, the country in the digital world could gain in importance. The National Bank and its partners have the vision of creating a solid basis for future developments in the field of digital currencies.