Eurasian Bank, one of Kazakhstan’s commercial banking institutions, has launched the Central Asian nation’s first cryptocurrency cards in pilot mode. The release was announced during the Astana Finance Days forum, local media reported. The cards have been developed together with Mastercard and the crypto exchange Intebix, with the support of the National Bank of Kazakhstan (NBK), the business news portal Inbusiness.kz noted in a post on Thursday.
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Crypto treasury activity is accelerating as digital asset treasury companies (DATCOs) – a mix of crypto projects, funds, and even traditional finance firms – buy and hold tokens such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ethena (ENA), and Sui (SUI) as part of long-term investment strategies. DATCOs collectively hold over $100 billion in digital assets, led by publicly listed companies such as Strategy, Metaplanet, and SharpLink Gaming, according to a recent report by Galaxy. In fact, since June 1, at least 98 companies have announced plans to raise more than $43 billion to buy BTC and other cryptocurrencies, the Wall Street Journal reported.
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In countries facing inflation and currency volatility, stablecoins are increasingly becoming alternatives to digital dollars. Argentina, Venezuela, and Nigeria are prime examples. In 2024, demand for USDT surged during local currency devaluation. By 2025, holding digital dollars has become a normal behavior for individuals and merchants.
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