Digital Tajikistan 2025 participants identified key crypto industry trend

The global growth of the stablecoin market was discussed at the International PLUS-Forum Digital Tajikistan, during the session “From Blockchain to the Crypto Industry. A New Place in the Economy and Finance”, moderated by Vasili Kulesh, member of the Council of the Belarus Blockchain Association. 

Matthew Wang, Senior Vice President of Beijing CSSCA Technologies Co.LTD (China), noted that artificial intelligence is one of the key technologies in the digitalization of the financial sector today, but it is merely a tool that cannot completely replace humans. At the same time, the digitalization process depends greatly on the development of databases, which, to operate effectively, require building new innovative platforms. 

Robert Courtneidge, independent consultant, discussed one of the key recent trends: the global growth of the stablecoin market. According to official data, as of early October 2025, the stablecoin market capitalization exceeded $300 billion, representing a nearly 50% increase since the beginning of the year. Stablecoins pegged to the dollar account for over 99.5% of the market. Payment systems such as Mastercard and PayPal are working energetically with this type of cryptocurrency. Many countries are implementing regulations for stablecoins. 

Bogdan Kuznetsov, Head of Consulting at Cointelegraph, discussed how Tajikistan could become a top Central Asian country in terms of revenue from cryptocurrency integration. He noted that the crypto industry can no longer be ignored, since the total cryptocurrency market capitalization has already exceeded $4 trillion in 2025. Meanwhile, the Central Asian cryptocurrency market already reached nearly $140 billion and retains high potential for further growth.

Market size, in USD: 

Kazakhstan 89.7 billion 

Uzbekistan 25.62 billion 

Kyrgyzstan 23.3 billion 

Natalya Romenskaya, CEO & Founder

Strategy PLUS (Dubai); crypto & strategy consulting for banks and fintechs, discussed how banks can profit from cryptocurrency. She also noted that tokens will soon be as commonplace as bank deposits—the key is regulatory issues to be addressed by government agencies. Fifteen countries have already officially recognized cryptocurrencies, while many are still experimenting. Stablecoins, as well as all banking operations related to cryptocurrencies (acquiring, cross-border transfers, etc.), are among the most promising products today. 

Yan Krivonosov, Crypto Emergency project CEO and Founder, spoke about the creation of a promising technology such as national blockchain, which will enable more efficient scaling of products and building of ecosystems. 

Azam Yuldashev, CEO, and Shukrona Rajabova, project manager, the Service and Technology company, informed about the activities of one of the most dynamically developing IT companies in Tajikistan. The company became one of the first residents of   the Technological Park of Software Products and Information Technologies in Dushanbe opened in April 2025. 

Session participants concluded that Tajikistan should have its own digital platform that can ensure basic integration, secure implementation of new technologies, and facilitate investments in this sector. 

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