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Crypto

Uzbekistan allows pilot use of stablecoin payments

Uzbekistan is adopting a new regulatory system that allows stablecoins as an official payment method, according to local media cited by Cointelegraph. A tightly controlled sandbox will host the pilot. The central bank and NAPP are jointly running the programme, which includes distributed ledger technology projects. Companies will be allowed to issue tokenised stocks and bonds from 2025. The central bank is considering a CBDC but not a retail version. A Telegram subscription notice was included.

AI & Enterprise

VC investor says AI boom to concentrate gains among few firms

Mel Williams, co-founder of TrueBridge Capital Partners, said the AI boom will generate unprecedented wealth for venture capital but warned many startups will fail. He told a podcast that early AI markets are overheated, with founders securing large funding without proven product-market fit. He expects a few companies to dominate as AI software scales quickly and adoption accelerates. He said AI now accounts for 50 to 60 percent of venture activity, making a major shakeout likely.