Tether, the largest company in the digital asset industry, has signed a Memorandum of Understanding (MoU) with the National Bank of Kazakhstan (NBK) and the Alatau City Authority (ACA) to explore opportunities in stablecoin development, asset tokenization, and decentralized finance. The collaboration includes jointly studying international models for stablecoin issuance, defining potential use cases, and preparing a concept and pilot proposal for a stablecoin pegged to the national currency, the tenge. The agreement also covers developing an asset tokenization framework in Kazakhstan, including the potential use of Tether's tokenization platform, Hadron.