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Uzbekistan has approved the use of stablecoins for payments under the new sandbox mechanism.

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[Uzbekistan Approves Stablecoins for Payment Under New Sandbox Mechanism] According to local news media Kun, Uzbekistan's new stablecoin regulatory framework will take effect on January 1, 2026. This new law, signed on November 27, establishes a Regulatory Sandbox under the jurisdiction of the National Project Office and the Central Bank. It is expected that pilot projects will be implemented to develop a stablecoin payment system based on distributed ledger technology. According to reports, starting next year, entities in Uzbekistan will be allowed to issue tokenized stocks and bonds, and an independent trading platform for these new assets will be created on licensed stock exchanges.

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