Kazakhstan signs memoranda for stablecoin issuance and digital payments

  • Kazakhstan signed two memoranda covering stablecoin issuance and digital-payment frameworks.
  • September 4 meeting produced plans for a domestic stablecoin and Binance Pay rollout.
  • Binance Pay partnership builds on an earlier 2026 pilot with Alatau City Bank.

Kazakhstan signed two memoranda following a September 4 meeting between Binance founder Changpeng Zhao and Zhaslan Madiyev, the country’s Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development. The agreements cover plans for a domestic stablecoin (token designed to maintain stable value), digital-payment frameworks and related judicial processes. They also include a Binance Pay rollout through Alatau City Bank, building on an instant crypto-payments pilot conducted earlier in 2026. The meeting addressed CryptoCity in Alatau and the Data Center Valley initiative, while Kazakhstan’s government continues supporting digital-asset investment through the Alem Crypto Fund. Madiyev previously managed Binance Kazakhstan before entering government. No immediate trading-volume changes were reported after the announcements. The measures form part of Kazakhstan’s effort to expand from Bitcoin mining into a broader, government-backed digital-asset economy.

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