The Uzbekistan National Prospective Project Agency and the central bank have launched a pilot program for stablecoin payments with government securities as collateral. Humo Digital has been granted permission to test the stablecoin HUMO payment pegged 1:1 to Som in a regulatory sandbox, with over 20 merchants participating. Pilot testing of issuance, circulation, and redemption processes, with Asterium licensed cryptocurrency exchange as a partner. The pilot period is 12 months, with a total duration limit of 3 years. Regulatory agencies assess the adequacy of collateral, cybersecurity, consumer protection, anti money laundering, and financial and price stability risks. The pilot is based on a framework approved in November 2025, which allows for stablecoin payment pilot in a sandbox and includes tokenized stock and bond terms. (Source: Reuters)
