Kazakhstan is planning to launch “Evo,” a new stablecoin pegged to its national currency, Tenge. Today, Kazakhstan showed another interest in crypto, as local reporters claim that the nation is planning to launch its own stablecoin. However, Tamar Menteshashvili, Solana’s Head of Stablecoins, provided a wide range of details about Kazakhstan’s project, which aims to build a local Web3 ecosystem:Today Kazakhstan launched EVO (KZTE), the first Kazakhstani Tenge-backed stablecoin issued on @solana. Together, these actors aim to create more than a stablecoin for Kazakhstan; they want to build a local crypto ecosystem. Ideally, this stablecoin will bridge the gap between TradFi and Web3 in Kazakhstan.