Kazakhstan has introduced its own cryptocurrency, the Evo steiblcoin (KZTE), which was issued with the support of the international payment system Mastercard. The new digital asset is pegged to the national currency at a ratio of 1 to 1 with the tenge, which ensures its stability and transparency.
According to the developers, Evo will become a universal tool for cashless settlements and online transactions both inside and outside the country. In the future, the coin may take the place of a full-fledged means of payment, integrated into the financial system of Kazakhstan and supported by leading banks and fintech companies.
Experts note that the launch of KZTE reflects Kazakhstan’s desire to strengthen its position in digital finance and accelerate the introduction of blockchain technologies into the economy.