Uzbekistan Begins a New Era with the Launch of HUMO Token, What are the Future Prospects?

Jakarta, Pintu News – The Uzbek government recently announced the launch of a pilot project for a state-sponsored digital currency, HUMO. The token is designed to integrate blockchain technology in the national financial system, promising greater stability and efficiency.

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HUMO Token: Stability Through Bond Support

The HUMO token offers a rare example of a digital asset designed for price stability, not speculation. With direct backing from state bonds and tied to Uzbekistan’s sum exchange rate, HUMO aims to reduce the volatility often seen in other cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

The initiative fully complies with the legislative regulations of the Republic of Uzbekistan on the circulation of crypto assets. The use of these tokens is expected to simplify financial transactions and increase transparency in the economy.

With the infrastructure already integrated in the HUMO payment system, the adoption of this digital currency is expected to be fast and efficient.

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HUMO Payment System: Gateway to Digitalization

The HUMO payment system already serves more than 35 million cardholders in Uzbekistan, well integrated in the banking and retail ecosystem. The existence of this mature infrastructure is a strategic basis for mass integration of digital assets.

The Uzbek government hopes that by linking digital currencies with familiar systems, it will accelerate public acceptance and change the way everyday payments are made. This initiative is not only about technology, but also about creating a payment system that is faster, cheaper and accessible to all levels of society.

By reducing transaction costs and speeding up the payment process, HUMO is expected to improve the efficiency of the public sector and the economy as a whole.

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Technical Foundations and Use Cases

The development of HUMO is led by local Web3 company Asterium, with blockchain infrastructure support from Broxus. The technologies used include Ethereum Virtual Machine (EVM) and TON Virtual Machine (TVM), with Tycho as the protocol that supports high load, scalability, and low cost transactions.

This demonstrates Uzbekistan’s commitment to not only adopting blockchain technology, but also adapting it to meet the specific needs of the country.

The main use cases of HUMO include instant payments and reduced transaction costs. This is particularly relevant for improving the efficiency of public services and the financial sector, ensuring that every transaction is done quickly and securely.

Conclusion

With the launch of the HUMO token, Uzbekistan is not only strengthening its digital infrastructure but also setting new standards in the utilization of blockchain technology for state finance. This project marks an important step in Uzbekistan’s vision to become more digitally inclusive, modern, and efficient.

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Reference

• Coingape. Uzbekistan Launches Humo Token Pilot, Ties Digital Currency to Sovereign Bondschain. Accessed on May 14, 2025
• Featured Image: Inside Bitcoins