Uzbekistan Tests Som-Pegged Stablecoin for Payments
16 Articles
16 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.
Uzbekistan's 20-Merchant HUMO Stablecoin Pilot Puts Government Bonds to the Test
Uzbekistan is running a live payments test. The country’s first government bond-backed stablecoin, called HUMO, is now moving through a… Read the original on Uzbekistan Launches HUMO Stablecoin Pilot with 20 Merchants Under Regulatory Oversight. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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
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