Uzbekistan Launches HUMO Token Pilot, Linking Digital Currency to Sovereign Bonds
Uzbekistan has initiated a pilot project for the HUMO token, a state-backed digital currency pegged to the national currency, the Uzbekistani sum (UZS), at a rate of 1:1,000. Unlike typical cryptocurrencies prone to price volatility, HUMO is uniquely backed by government-issued sovereign bonds, aiming to provide price stability and foster ...
