Solana Signs Letter of Intent for KZTE Tenge Stablecoin on Solana Blockchain

According to Solana Foundation, on May 22, the foundation signed a letter of intent with AirAsia and Kazakhstani cryptocurrency exchange Intebix to explore launching Evo (KZTE), a stablecoin pegged to Kazakhstan's tenge on the Solana blockchain.

The proposed digital asset would support payments, remittances, and decentralized finance applications within the region. Intebix will serve as the primary local partner, while AirAsia may integrate KZTE into its payment and loyalty infrastructure. The initiative remains at the preliminary stage and requires regulatory approvals from Kazakhstan's Astana International Financial Centre before moving to full deployment.