ME News reports that on May 22 (UTC+8), AirAsia MOVE, Intebix, and the Solana Foundation signed a letter of intent to explore integrating the Kazakhstani tenge-denominated stablecoin Evo (KZTE) into the AirAsia MOVE platform, enabling users in Kazakhstan to book flights and hotels using the stablecoin. The three parties will evaluate the technical architecture, settlement mechanisms, and compliance pathways within the regulatory sandbox framework of the National Bank of Kazakhstan, with potential progression to a pilot phase based on the evaluation outcomes. Evo was launched in 2025 by Intebix in collaboration with Mastercard and Eurasian Bank on the Solana blockchain. (Source: Foresight News)
AirAsia MOVE, Intebix, and the Solana Foundation to Explore KZTE Stablecoin Integration in Kazakhstan
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Summary
AirAsia MOVE, Intebix, and the Solana Foundation have signed a letter of intent to evaluate the integration of the KZTE stablecoin for flight and hotel bookings in Kazakhstan. The project will assess technical, settlement, and compliance aspects under the National Bank’s sandbox framework, in alignment with CFT standards. Evo, a KZT-backed stablecoin, is set to launch on Solana in 2025 through Intebix and Mastercard, potentially enhancing liquidity and crypto market growth in the region.
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