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Crypto

Tether joins Kazakhstan digital finance pilot to pursue tenge stablecoin, RWA

Tether signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau city authority to pursue a tenge-linked stablecoin pilot and a real-world asset tokenization model. The parties plan to review stablecoin issuance cases in other countries and prepare a concept and pilot proposal, but have not named an issuer or a timeline. Kazakhstan is also expanding crypto-linked investments and running separate stablecoin and property tokenization pilots.

Crypto

Money flows into \'digital dollar\' stablecoins, shaking banks and national monetary systems

Stablecoins are spreading as a near real-time, 24-hour tool for moving money, raising concerns they could accelerate outflows from bank deposits and national currencies during financial stress or sharp currency declines. The European Central Bank has flagged potential liquidity mismatches between round-the-clock redemptions and reserve assets that move on traditional settlement schedules. The BIS also found stablecoin flows tend to rise alongside foreign-currency deposits in crisis situations.

Crypto

Stablecoin salaries may leave workers to pay conversion and withdrawal fees

Workers paid in stablecoins may have to bear additional costs to convert, withdraw or transfer their wages before they can use the money for living expenses, a report said. While stablecoin payroll can lower cross-border remittance costs, fees and exchange rates could reduce take-home pay. Employers\' legal duties on wages, taxes and reporting remain. Exchange-rate swings, redemption limits and potential account restrictions can also affect access to funds.