Tether has signed an agreement with two Kazakh partners: the country's central bank and the Alatau City Authority. The agreement covers two projects. The first is a stablecoin pegged to the tenge, Kazakhstan's national currency. The second is a framework for tokenizing real-world assets. Cointelegraph reported the agreement on Oct 7, 2026.
The key word in the agreement is "explore." The tenge stablecoin is described as a pilot, not a product that is launching. The report presents the deal as one step in Kazakhstan's effort to grow its digital asset industry.
Much is not yet known. The report gives no launch date, no size for the stablecoin, and no list of which real-world assets could be tokenized. It also does not say which blockchains or trading venues, if any, would carry the token.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The agreement creates no new contract, and it does not change funding rates, trading fees or order-book liquidity on any of the four exchanges. The tenge stablecoin is still only a pilot under discussion, so it has no market to trade yet.
Source: cointelegraph — Tether, Kazakhstan cenbank mull tenge stablecoin and asset tokenization