Overview
- Evo (KZTE) is issued by licensed exchange Intebix with Eurasian Bank as a partner under direct supervision from the National Bank of Kazakhstan.
- The stablecoin runs on Solana to support high-speed, low-cost transactions suited to financial-grade operations.
- Mastercard will link KZTE to other regulated stablecoin ecosystems and support card-based spending use cases.
- Initial testing in the regulatory sandbox targets crypto-to-fiat conversions, merchant settlement, and practical retail payments.
- Officials say the pilot advances Kazakhstan’s digital finance strategy, complementing the digital tenge and plans for a state crypto reserve by 2026.