Kazakhstan's Tenge stablecoin Launched on Solana Blockchain!

By Novasky | DevPress | 6 hours ago


Every nation is making their own Digital stablecoin and trying to be on the chain. be it their own chain or the chain they find online like Solana or Ethereum. Now Kazakasthan has decided to get on the Solana blockchain. And they tied up with the Intebix, AirAsia and Solana foundation on this project. 

The stablecoin will be called KTZE and it would be launching on the Solana stablecoin. It would be interesting to see how the stablecoin performs and how that would help the whole ecosystem. In the grand scheme of things I feel that such move was necessary. And if we are to make decent outcome out of such stablecoin market Solana choice is perfect for chain. 

That being said. Instead of USD being more dominant. It's time for the crypto to get more popular and more important in terms of the local coins getting the digital treatment. And that is something we have to think over in the stablecoin market. Let's see where things go from here. 

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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