Uzbekistan Tests Som-Pegged Stablecoin for Payments
14 Articles
14 Articles
The New York Ledger
BITRSSUzbekistan begins government bond-backed stablecoin payment pilot
Humo Digital will test HUMO payments with more than 20 merchants under a sandbox jointly overseen by NAPP and Uzbekistan’s central bank. Uzbekistan has launched a pilot to test payments with a som-pegged stablecoin backed by government securities. On Monday, the National Agency for Prospective Projects (NAPP) said it had registered Humo Digital as a […]
The National Agency for Prospective Projects (NAPP) of Uzbekistan, together with the Central Bank of Uzbekistan, launched a pilot project on the use of stylcoins as a means of payment.
The National Agency for Prospective Projects of Uzbekistan reported on 7 September that, together with the Central Bank, it launched a pilot program to test HUMO, a stablecoin linked 1:1 to the som Uzbeko. Digital Smoke was registered under a special regulatory regime, while the pilot will evaluate the issuance, circulation and reimbursement of the asset. ... Read more
Uzbekistan HUMO Stablecoin Payment Pilot Launched
HUMO is presented as a stablecoin issued for a payment pilot supervised jointly by NAPP and the Central Bank of Uzbekistan, per UzDaily's account of the announcement , which attributes the initiative to a special legal regime rather than to a general-purpose currency launch.Read more...
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