According to ME News, on July 10 (UTC+8), Gyeonggi Province, a first-tier administrative region of South Korea, officially announced that it will launch a stablecoin proof-of-concept (PoC) project in August 2026 to explore the feasibility of implementing stablecoins for local currency, government public subsidies, and public payment systems. The initial phase will focus on validating three core technologies: programmable payments, zero-knowledge proof privacy technology, and a reserve proof mechanism that ensures real-time alignment between stablecoin issuance and underlying reserves, thereby completing end-to-end technical validation of the stablecoin issuance and circulation process. If the first-phase testing proceeds successfully, the project will enter a second phase of scaled testing between October and December, focusing on assessing measures to prevent fund misuse, safeguard transaction privacy, selecting compatible use cases, and gathering feedback from residents and merchants to accumulate practical experience for future large-scale local adoption of stablecoins. (Source: ChainCatcher)
Gyeonggi Province to Launch Stablecoin Pilot in August 2026
KuCoinFlashShare
Summary
On July 10, 2026, Gyeonggi Province announced it will launch a stablecoin proof-of-concept (PoC) in August 2026 to test stablecoin usage for local currency, subsidies, and public payments. The project will first validate programmable payments, zero-knowledge privacy, and real-time reserve asset backing. A second phase, from October to December 2026, will evaluate abuse prevention, privacy, and business adaptability. This token launch underscores Gyeonggi’s initiative to advance on-chain innovation and digital finance.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.