According to Foresight News, Tether has signed a memorandum of understanding with the National Agency for Project Management (NAPP) of the Republic of Uzbekistan. This strategic partnership aims to position Uzbekistan as a central hub for peer-to-peer and blockchain technology, promoting the development and adoption of blockchain technology, stablecoins, and digital asset tokenization in the country, while stimulating economic growth and innovation in the region.
Tether will focus on supporting the development of Uzbekistan's legal framework and regulatory policies for crypto assets, promoting the development and implementation of digital currencies in the country, exploring the potential of asset tokenization mechanisms, analyzing and improving Uzbekistan's digital currency payment infrastructure, and collaborating on educational activities to increase awareness and understanding of blockchain technology and stablecoins.