Uzbekistan has expanded the requirements for stablecoin collateral. Now, companies issuing such digital assets within the special legal regime for testing crypto technologies will be able to use not only national and foreign currency, but also government securities.

The changes were registered by the Ministry of Justice. According to the new rules, funds must be placed in a special account at the Central Bank, and the issuer's government bonds will be blocked by the Central Depository in favor of the regulator. At the same time, the company will retain the right to receive income and interest on these securities.

The authorities also established requirements for the size of reserves. The total value of funds in the special account and the nominal value of blocked government securities must be no less than the total value of all issued and circulating stablecoins. At the same time, it is forbidden to use loans, pledged property, or other borrowed funds for collateral.