AirAsia MOVE to Explore Stablecoin Integration in Kazakhstan

AirAsia MOVE, Intebix, and the Solana Foundation have signed a letter of intent to explore integrating the Kazakhstan tenge-pegged stablecoin Evo (KZTE) into the AirAsia MOVE platform. According to Foresight News, this initiative aims to allow users in Kazakhstan to book flights and hotels using the stablecoin. The three parties will assess the technical architecture, settlement mechanisms, and compliance pathways within the regulatory sandbox framework of the National Bank of Kazakhstan. Depending on the evaluation results, they may proceed to a pilot phase. Evo is set to be issued by Intebix in collaboration with Mastercard and Eurasian Bank on the Solana blockchain in 2025.