Uzbekistan Legalizes Stablecoins for Payments Beginning January 2026

• Uzbekistan will pilot projects to implement stablecoin payments based on a distributed ledger.
• The country will regulate stablecoins as a means of retail payments beginning January 2026.
• The stablecoins market has grown exponentially YTD fueled by legal clarity and institutional investment.

Uzbekistan is seeking to allow stablecoin development starting in 2026. The country is following in the footsteps of major jurisdictions led by the United States and China to facilitate the development of fiat-backed stablecoins by regulated financial institutions beginning early next year.

Closer Look at the Stablecoin Plans for Uzbekistan 

Starting January 2026, Uzbekistan will regulate stable tokens as payment tools. The country will facilitate stablecoin pilot projects using distributed-ledger payment systems under a regulatory sandbox.

The country’s National Agency …

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