While bitcoin coughs, Kazakhstan opens the checkbook. 350 million of oil to buy crypto stocks and ETFs. Gold mines are going digital, a bold move.
Tether has quietly become one of the world’s largest private holders of physical gold. The issuer of the world’s biggest stablecoin is buying bullion at a pace that now rivals national governments. Executives say the strategy is driven by rising concerns over monetary stability and declining confidence in paper-based assets. The expanding gold reserves also reinforce the backing of Tether’s gold-linked products.
When crypto falls into public hands, Kazakhstan recycles and capitalizes. From seizures to ETFs, the former Soviet republic attempts a balancing act between repression and uncontrolled innovation.
When a central bank teams up with Solana and Mastercard to create a stablecoin, it means crypto is no longer reserved for geeks. Kazakhstan is quietly forging its path.
While most nations are still hesitant to take the step, Kazakhstan is accelerating. Its president, Kassym-Jomart Tokayev, has just announced the creation of a national cryptocurrency reserve, accompanied by a clear call to build a true ecosystem of digital assets. A bold decision for this Central Asian country, already a major player in global mining.
The Russian mining industry is experiencing strong growth, with BitRiver leading the way, propelling Russia into the top 3 globally.