Uzbekistan greenlights stablecoins for payments under new sandbox regime
PositiveCryptocurrency
- Uzbekistan has announced plans to officially adopt stablecoins as a payment method starting January 1, 2026, under a new regulatory sandbox that will also facilitate tokenized securities trading. This initiative marks a significant step in the country's embrace of digital currencies and innovative financial technologies.
- The introduction of stablecoins is expected to enhance the efficiency of financial transactions within Uzbekistan, potentially attracting foreign investment and fostering a more robust digital economy. This move aligns with global trends towards the integration of cryptocurrencies in mainstream finance.
- The decision comes amid a global surge in stablecoin transactions, which have reached $46 trillion, highlighting their growing influence in the financial landscape. As countries like Canada and the UK also work on regulatory frameworks for stablecoins, Uzbekistan's proactive approach may position it as a leader in the Central Asian region's digital finance sector.
— via World Pulse Now AI Editorial System
