Uzbekistan greenlights stablecoins for payments under new sandbox regime

Uzbekistan will reportedly roll out stablecoins as an official payment method from Jan. 1, 2026, under a new regulatory sandbox that also enables tokenized securities trading.

Uzbekistan is moving to bring stablecoins into its formal payment system, starting with a tightly controlled developmental sandbox, according to local media.

According to a Friday report by local news outlet Kun, Uzbekistan’s new stablecoin regulatory framework will come into force on Jan. 1, 2026. The new law, signed on Thursday, establishes a regulatory sandbox under the purview of the National Agency for Perspective Projects, together with the central bank.

Pilot projects are expected to be implemented to develop a stablecoin-based payment system operating on distributed ledger technology. Starting next year, Uzbekistan-based entities will be allowed to issue tokenized shares and bonds, and a separate trading platform will be created on licensed stock exchanges for these assets.