Uzbekistan's Central Bank Unveils Digital Som Launch Plan for 2029
- —Full launch targeted for end-2029, with a viability assessment due by end-2027
- —Pilot testing set for 2028; the platform will be built with international consultants
- —The wholesale CBDC is designed for interbank and payment-company settlements, not retail purchases
- —In September the central bank began monitoring a test of the Humo stablecoin backed by government securities at 1 som per token
Why it matters: The project is part of the central bank's 2026–2030 fintech strategy and could speed up cross-border settlements in the region.
Source: BeInCrypto RU