Gyeonggi Province Launches Stablecoin PoC, First Phase Testing to Complete by August
South Korea's Gyeonggi Province has initiated a research project on stablecoin adoption, aiming to complete the first phase of proof-of-concept by August 2026, testing the full cycle of a KRW-pegged stablecoin from issuance and circulation to payment and merchant settlement.
The project will focus on validating technologies such as programmable payments, zero-knowledge proofs, and reserve proofs, exploring their applications in local currencies, public subsidies, and voucher systems. This testing remains a controlled proof-of-concept environment and does not represent a public issuance of stablecoins in August; specific implementation projects will be determined after further testing and public consultation.
Provenance & status
- Byline
- OceanAlt Editorial
- First published
- 2026-07-12
- Last updated
- 2026-08-14
- Source material
- Source not labeled
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