Tether has announced the signing of a memorandum of understanding (MOU) with the National Prospective Project Agency (NAPP), which is responsible for the regulation and development of cryptocurrencies in the Republic of Uzbekistan. This strategic collaboration aims to position Uzbekistan as a central hub for peer-to-peer and blockchain technology, triggering a revolution in innovation and economic growth.
The partnership aims to explore and promote the development and adoption of blockchain technology, stablecoins and digital asset tokenization in Uzbekistan, while also stimulating economic growth and innovation in the region.