MarketPublished by KAS Watch · September 10, 2026
Uzbekistan Launches Government Bond-Backed Stablecoin Pilot
Uzbekistan has commenced a pilot testing HUMO stablecoin payments backed by government bonds across more than 20 merchants. The initiative operates within a regulatory sandbox overseen jointly by the National Agency for Perspective Projects (NAPP) and Uzbekistan's central bank.
Why it matters for the market
State-backed digital asset and stablecoin initiatives reflect growing sovereign regulatory frameworks for payment tokens, which may influence broader crypto market liquidity and jurisdictional compliance standards surrounding proof-of-work settlement layers like Kaspa.
Original source
Cointelegraph
Source publication · September 08, 2026 · 1 verified source
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