The National Agency for Advanced Projects (NAPP) announced that Uzbekistan has launched a pilot project aimed at using the HUMO stablecoin as a means of payment.
This project is being implemented by NAPP in collaboration with the Central Bank of Uzbekistan under a special regulatory regime that governs the circulation of stablecoins. HUMO Digital LLC received approval from the Central Bank and was registered as a participant in this special regime on September 2, 2026, according to the NAPP registry.
During the experiment, mechanisms for the issuance, circulation, and redemption of the HUMO stablecoin will be tested, whose value will be set at a ratio of one HUMO to one sum.
Asterium JSC, which holds licenses for crypto custody, crypto exchange, and crypto shop operations, is participating in the project. Banks and other commercial entities are also expected to take part in the pilot.
A key aspect of this trial will be the issuance of the HUMO stablecoin, backed by government securities. The special regulatory regime will also allow testing the possibility of using the token to make and receive payments for goods, works, and services within Uzbekistan.
According to NAPP, more than twenty enterprises are ready to join the pilot project as sellers. Participants plan to integrate banking, processing, and blockchain infrastructure for settlements, allowing them to test payment mechanisms using the HUMO stablecoin.
The planned duration of the pilot project is up to three years. It will be conducted under the joint supervision of NAPP and the Central Bank.
The main objective of the experiment is to assess the potential of stablecoins as an innovative instrument for settlements. This mechanism is expected to accelerate business operations, increase transaction transparency, and provide an additional level of security for transactions.
At the same time, regulators intend to pay close attention to identifying potential risks associated with the use of stablecoins and developing measures to minimize them.
The pilot project is carried out in accordance with Presidential Decree No. PP-359 dated November 27, 2025, 'On Measures for the Further Development of the Financial Services Sector in Uzbekistan.' The results of the project are expected to contribute to the introduction of advanced technologies into the country's financial sector.
Previously, the regulatory framework for the special regime was further improved through a joint decision by NAPP and the Central Bank. These amendments were aimed at improving the mechanisms for backing stablecoin issuance and increasing the reliability of such instruments.
