Kazakhstan’s central bank is launching a pilot project for a new stablecoin, Evo (KZTE), pegged to the local fiat currency with Solana and Mastercard’s collaboration. The stablecoin is live in the regulatory sandbox, aiming to bridge the gap between crypto and traditional finance while expanding crypto-fiat channels and supporting transactions. The National Bank of Kazakhstan is actively involved in the project, providing a regulatory framework for issuance and testing.

Read more at Cointelegraph: Kazakhstan Taps Solana, Mastercard for Tenge Stablecoin