Bybit & AFSA Launch Stablecoin Fee Payments

Bybit Kazakhstan (Bybit Limited), a subsidiary of Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a groundbreaking partnership with the Astana Financial Services Authority (AFSA). The collaboration will allow participants of the Astana International Financial Centre (AIFC) to pay regulatory fees in U.S. dollar–pegged stablecoins.

This initiative follows AFSA’s release of a pioneering framework that enables licensed digital asset service providers to act as agents for regulatory fee settlement through stablecoins. Bybit Kazakhstan became the first signatory of the multilateral memorandum of understanding (MMoU), confirming its trusted reputation as a compliant and innovative partner in Kazakhstan’s digital finance ecosystem.

The MMoU was signed during the Astana Finance Days conference by AFSA CEO Evgeniya Bogdanova and Bybit COO Mazurka Zeng. As part of the agreement, Bybit Kazakhstan will supply AFSA with a customized Bybit QR Pay solution and a dedicated stablecoin wallet for invoicing, enhancing both efficiency and transparency.

“Bybit Kazakhstan is honored to work alongside AFSA in shaping a regulatory-first framework for stablecoin adoption,” said Zeng. “This milestone reflects AFSA’s forward-looking approach and the trust placed in Bybit to deliver compliant, secure, and frictionless payment solutions. Together, we are building infrastructure that empowers entrepreneurs, businesses, and consumers to seize opportunities in the stablecoin-powered financial future.”

AFSA CEO Evgeniya Bogdanova added: “Stablecoins are transforming global finance. By accepting regulatory fees in USD-pegged stablecoins, we are making AIFC faster, more accessible, and more future-ready. This provides participants with a modern, trustworthy way to grow under a strong regulatory framework.”

This collaboration reinforces Kazakhstan’s standing as a leader in regulated digital finance, while showcasing Bybit’s role in bridging traditional finance with the digital asset economy.

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