Uzbekistan to Recognize Stablecoins from 2026

Stablecoins and Tokenized Securities Legalized

Uzbekistan is taking a significant leap toward crypto adoption by officially recognizing stablecoins as a legal method of payment starting January 1, 2026. This change comes as part of a broader regulatory overhaul aimed at fostering a more innovative digital economy.

The National Agency for Perspective Projects (NAPP), which oversees crypto regulations in Uzbekistan, has announced the upcoming framework that not only legalizes stablecoins but also opens the door for tokenized securities like stocks and bonds.

Impact of the New Law on Crypto in Uzbekistan

The new regime will enable businesses and individuals to use Uzbekistan stablecoins for daily transactions, investments, and business operations. Stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar—offer a less volatile alternative to traditional cryptocurrencies like Bitcoin.

Additionally, the legal framework will allow the issuance and trading of tokenized financial instruments, such as digitized versions of stocks and bonds. This could modernize the country’s financial system and attract global fintech players.

By giving stablecoins legal status, Uzbekistan joins a growing list of countries that are integrating crypto into their financial systems rather than resisting it.

Strategic Importance of Uzbekistan's Crypto Stance

Uzbekistan’s move is a strategic one. By supporting Uzbekistan stablecoins, the country aims to:

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  Promote financial innovation
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  Enhance cross-border payment systems
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  Reduce reliance on cash and foreign currency
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  Attract blockchain startups and investors

With a clear legal framework in place, businesses will have greater confidence to build, invest, and operate in Uzbekistan’s emerging digital asset ecosystem.

As crypto regulation continues to evolve globally, Uzbekistan’s decision could serve as a blueprint for other nations considering similar steps.