HUMO Digital will test HUMO payments with more than 20 merchants under a sandbox under the joint supervision of NAPP and the Central Bank of Uzbekistan.
Uzbekistan has launched a pilot to test payments with a Mon-pegged stablecoin backed by government securities.
On Monday, the National Agency for Prospective Projects (NAPP) said It registered Humo Digital as a participant in a special arrangement under joint supervision with the central bank. The pilot will test HUMO issuance, circulation and redemption by pegging each token to an Uzbek som.
NAPP said more than 20 merchants are ready to test HUMO payments for goods and services.
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