As per Bijiie, Uzbekistan plans to launch a retail stablecoin pegged 1:1 to its central bank digital currency (CBDC) in 2026. The stablecoin will be issued by licensed financial institutions and backed by CBDC reserves held by banks and fintech firms. The move is part of broader digital financial reforms, including asset tokenization and an open banking system. The government aims to separate retail digital payments from wholesale CBDC-based settlements, with citizens using stablecoins and the financial sector relying on CBDC. The stablecoin framework will be tested in a regulated sandbox starting January 2026, with only verified firms allowed to issue stablecoins.
Uzbekistan to Launch Retail Stablecoin Pegged 1:1 to CBDC in 2026
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