Kazakhstan is launching a national stablecoin in partnership with Solana $SOL and Mastercard.

The National Bank of Kazakhstan announced the launch of a pilot project to issue a new stablecoin, Evo (KZTE), pegged to the local currency, the tenge. The project, which aims to connect the cryptocurrency market with traditional finance, is being implemented in cooperation with the blockchain platform Solana and the payment giant Mastercard, as reported by Cointelegraph.