{"id":52045,"date":"2025-09-23T15:00:13","date_gmt":"2025-09-23T12:00:13","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=52045"},"modified":"2025-09-23T14:26:40","modified_gmt":"2025-09-23T11:26:40","slug":"kazakhstan-partners-with-solana-and-mastercard-to-launch-evo-stablecoin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/kazakhstan-partners-with-solana-and-mastercard-to-launch-evo-stablecoin\/","title":{"rendered":"Kazakhstan Partners with Solana and Mastercard to Launch Evo Stablecoin!"},"content":{"rendered":"<p data-start=\"306\" data-end=\"643\"><a href=\"https:\/\/coinengineer.net\/blog\/us-congress-pushes-for-critical-report-on-bitcoin-reserve\/\"><strong>Kazakhstan<\/strong> <\/a>is stepping into the world of digital currencies with the launch of its first <strong>stablecoin<\/strong> project, <strong>Evo (KZTE)<\/strong>. Pegged to the national currency, the tenge, this new asset is built on the <strong>Solana<\/strong> blockchain and supported by Mastercard, aiming to strengthen the bridge between digital finance and traditional banking.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/kazakhstan-partners-with-solana-and-mastercard-to-launch-evo-stablecoin\/#Pilot_Launch_Under_Regulatory_Oversight_for_Stablecoin\" title=\"Pilot Launch Under Regulatory Oversight for Stablecoin\">Pilot Launch Under Regulatory Oversight for Stablecoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/kazakhstan-partners-with-solana-and-mastercard-to-launch-evo-stablecoin\/#Evos_Role_Merging_Crypto_with_Traditional_Finance\" title=\"Evo\u2019s Role: Merging Crypto with Traditional Finance\">Evo\u2019s Role: Merging Crypto with Traditional Finance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/kazakhstan-partners-with-solana-and-mastercard-to-launch-evo-stablecoin\/#A_First_for_Central_Bank_Participation\" title=\"A First for Central Bank Participation\">A First for Central Bank Participation<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"650\" data-end=\"694\"><span class=\"ez-toc-section\" id=\"Pilot_Launch_Under_Regulatory_Oversight_for_Stablecoin\"><\/span>Pilot Launch Under Regulatory Oversight for Stablecoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"696\" data-end=\"1150\">The National Bank of Kazakhstan has initiated the pilot phase of the Evo stablecoin within its Digital Assets Regulatory Sandbox. The project is being driven by Intebix, a local crypto exchange, and Eurasian Bank, one of the country\u2019s established financial institutions. While Solana provides the blockchain infrastructure, Mastercard\u2019s involvement ensures that KZTE can be connected to global stablecoin networks and payment solutions.<\/p>\n<h2 data-start=\"1157\" data-end=\"1213\"><span class=\"ez-toc-section\" id=\"Evos_Role_Merging_Crypto_with_Traditional_Finance\"><\/span>Evo\u2019s Role: Merging Crypto with Traditional Finance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1215\" data-end=\"1412\">Evo is described as a \u201cnational stablecoin\u201d, designed not only to mirror the value of the tenge but also to introduce practical use cases in the economy. Some of the key applications include:<\/p>\n<ul data-start=\"1414\" data-end=\"1566\">\n<li data-start=\"1414\" data-end=\"1466\">\n<p data-start=\"1416\" data-end=\"1466\">Expanding the fiat-to-crypto conversion channel,<\/p>\n<\/li>\n<li data-start=\"1467\" data-end=\"1515\">\n<p data-start=\"1469\" data-end=\"1515\">Facilitating crypto trading and settlements,<\/p>\n<\/li>\n<li data-start=\"1516\" data-end=\"1566\">\n<p data-start=\"1518\" data-end=\"1566\">Enabling payments through crypto-backed cards.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1568\" data-end=\"1720\">This initiative aligns with Kazakhstan\u2019s broader vision of building a modern digital asset ecosystem and fostering innovation in the financial sector.<\/p>\n<p data-start=\"1568\" data-end=\"1720\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-172132 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/09\/stablecoin-1.webp\" alt=\"\" width=\"836\" height=\"455\" \/><\/p>\n<h2 data-start=\"1727\" data-end=\"1770\"><span class=\"ez-toc-section\" id=\"A_First_for_Central_Bank_Participation\"><\/span>A First for Central Bank Participation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1772\" data-end=\"1958\">Although Evo is officially issued by Intebix and Eurasian Bank, the National Bank of Kazakhstan plays an active role by providing the regulatory framework for testing and adoption.<\/p>\n<p data-start=\"1960\" data-end=\"2215\">According to Talgat Dossanov, the founder of Intebix, this marks one of the first cases where a central bank is directly engaged in the issuance and pilot of a stablecoin \u2014 a step that highlights Kazakhstan\u2019s progressive approach to digital finance.<\/p>\n<p data-start=\"2279\" data-end=\"2655\"><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\">Telegram,<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\">Twitter<\/a>\u00a0channels for the latest news.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kazakhstan is stepping into the world of digital currencies with the launch of its first stablecoin project, Evo (KZTE). Pegged to the national currency, the tenge, this new asset is built on the Solana blockchain and supported by Mastercard, aiming to strengthen the bridge between digital finance and traditional banking. Pilot Launch Under Regulatory Oversight<\/p>\n","protected":false},"author":29,"featured_media":38352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[24133,24134,24132,1971,319,488],"class_list":["post-52045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-evo-kzte-coin","tag-evo-kzte-token","tag-kazakhstan","tag-mastercard","tag-solana","tag-stablecoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kazakhstan Partners with Solana and Mastercard to Launch Evo Stablecoin! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Kazakhstan is stepping into the world of digital currencies with the launch of its first stablecoin project, Evo (KZTE).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/kazakhstan-partners-with-solana-and-mastercard-to-launch-evo-stablecoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kazakhstan Partners with Solana and Mastercard to Launch Evo Stablecoin! 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