Tether Signs Agreement with Uzbekistan for Blockchain and Telecom Development

Tether has inked a Memorandum of Understanding (MOU) with the National Agency of Perspective Projects (NAPP) in Uzbekistan, signaling a pivotal alliance for the advancement of blockchain and peer-to-peer technologies. The bid is aimed at positioning Uzbekistan as a global hub for blockchain and peer-to-peer technologies, Tether and NAPP join forces to ignite a creative and economic revolution.

Beyond economic growth, the partnership aims to delve into and propel the development of blockchain technology, stablecoins, and digital asset tokenization within Uzbekistan. Tether CEO Paolo Ardoino expresses excitement about exploring the potential of peer-to-peer telecommunication technology, stablecoins, and blockchain in Uzbekistan, highlighting the partnership’s significance in supporting the global digital asset ecosystem.

Regulatory Frameworks and Policies

Tether’s primary focus includes aiding in the establishment of a legal framework and regulatory policies for digital assets in Uzbekistan, contributing to the creation and implementation of the country’s digital currency. The collaboration seeks to assess and improve Uzbekistan’s digital currency payment infrastructure, aiming for faster, safer, and more cost-effective transactions.

Recognizing the importance of education, Tether and NAPP plan to collaborate on educational initiatives to increase knowledge and awareness of blockchain technology and stablecoins, fostering a conducive environment for adoption. 

Incorporating regional universities, the collaboration emphasizes the development and implementation of educational initiatives to equip professionals and students with essential skills in peer-to-peer telephony, stablecoins, and blockchain technology. NAPP Director Lee Dmitriy Romanovich expresses dedication to exploring emerging technologies to propel Uzbekistan’s economic development, emphasizing the transformative potential of blockchain technology and crypto-assets.