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Home›Crypto›Stablecoins›Uzbekistan launches bond-backed stablecoin payment pil…

Uzbekistan launches bond-backed stablecoin payment pilot

The pilot will involve more than 20 merchants using HUMO payments, overseen by NAPP and the country’s central bank.

Reported · Written up by our desk · Stablecoins

Cointelegraph reports that Uzbekistan has started a government bond-backed stablecoin payment pilot under a regulated sandbox. The program is designed to test HUMO payments for real-world use.

Humo Digital is set to conduct the trial with more than 20 merchants participating in the sandbox.

Oversight will be provided jointly by NAPP and Uzbekistan’s central bank, reflecting a controlled approach to introducing the stablecoin payments system.

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Sources

CointelegraphUzbekistan begins government bond-backed stablecoin payment pilot

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