The authorities of Uzbekistan have announced the pilot launch of the HUMO stableco -bonds ensured by the state bonds to attract investment, increase the transparency of financial transactions and strengthen the country’s positions in the field of digital technology.

The HUMO project is implemented with the participation of the National Supplier of Crypto services Asterium and the international company BROXUS, which specializes in the development of blockchain solutions, including infrastructure for Defi, CBDC, stabilcoins, and process assets tokenization and process automation.

Participants in the pilot project said that the token fully complies with the requirements of the legislation of Uzbekistan in the field of crypto -activists turnover and will be integrated into the HUMO payment system, serving holders of more than 35 million cards. Stablecoin involves instant exchange for fiates, reduction of commissions and automation of processes.

The project is planned to be launched on the basis of two technologies – EVM and TVM. The technological basis for TVM selected the Tycho protocol, which should provide support for high loads, scalability and efficiency in terms of transaction value.

The stablecoin course will be tied to the Uzbek sum in the ratio of 1: 1. Humo is provided with sovereign bonds of Uzbekistan, which should minimize its volatility, and blockchain will ensure transparency and transaction safety. According to the project participants, this can become an effective tool for combating financial fraud, strengthening confidence in calculations in state -regulated digital assets, and will also create prerequisites for attracting foreign investment to the country.

Earlier, Rise Research experts said that Uzbekistan took first place in their rating of cryptocurrencies among the countries of Central Asia and the Caucasus.