Uzbekistan Tests Som-Pegged Stablecoin for Payments
8 Articles
8 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 […]
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...
Stablecoin HUMO will be tested in payments in UzbekistanPilot of Smoke Digital Stablecoin HUMO test in more than 20 traders
Uzbekistan tests HUMO, a token linked 1:1 to the som and backed by sovereign bonds, with more than 20 businesses under regulatory supervision. The project seeks to demonstrate whether a stablecoin linked to the national currency can serve for daily payments and, later, for cross-border transactions.
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapUzbekistan tests government bond-backed stablecoin HUMO with merchants
Uzbekistan's stablecoin trial could enhance regional financial integration and stability, offering a state-backed alternative to volatile tokens.
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