Kazakhstan launches tenge-pegged stablecoin KZtg on TON, plans $50M tokenization
- —KZtg is pegged 1:1 to the tenge, with top-ups via bank card or transfer and withdrawals back to tenge through Telegram
- —The project was unveiled at the Central Asia Fintech Summit 2026 in Almaty on September 11
- —Tokenization of the $50 million Iconic Tower complex is planned by the end of 2026
- —Transactions are screened against sanctions and PEP lists under National Bank regulation
Why it matters: The first non-USD stablecoin on TON broadens blockchain use cases for national currencies and intensifies competition in the stablecoin market.
Source: CoinGeek