Kazakhstan has launched the tenge stablecoin KZTg in Telegram. The first issuance of the token took place at the Central Asia Fintech Summit 2026 in Almaty, according to independent financial analyst Andrey Chebotarev. This was reported by Qazaqyia.kz citing Kursiv Media.
Key features of the project
According to his data, the TG Coin project is positioned as the first stablecoin in a national currency operating in Telegram in Central Asia, as well as the first non-dollar stablecoin on the TON network.
KZTg is backed by the tenge at a one-to-one ratio. A user can top up their balance with a bank card or a transfer at the rate of 1 tenge = 1 KZTg, and then withdraw funds back into the national currency via Telegram.
Verification and sanctions screening
Identity verification is required to use the service. According to Chebotarev, transactions are also screened against sanctions lists and politically exposed persons (PEP) lists. The project operates in the National Bank's regulatory sandbox, with Alt coin LLP acting as the operator.
National Bank regulation
From May 1, 2026, the National Bank introduced comprehensive regulation of digital asset circulation. The new system, in particular, distinguishes digital financial assets, which include stablecoins backed by money.
About the summit
The launch of KZTg took place at the Central Asia Fintech Summit, which was held on September 11 in Almaty and brought together more than 4,000 participants from the financial and technology markets.
The reserve confirmation issue
Chebotarev drew attention to the fact that a key issue for the project will be confirmation of the reserves backing the issued tokens. According to him, an important indicator will be the presence of regular public audits of these reserves.
Background
Talk about the emergence of a tenge stablecoin in Kazakhstan began about a year ago. Earlier, Kursiv wrote that the head of Binance Kazakhstan, Nurkhat Kushimov, allowed for the launch of such an instrument in 2026.