Gyeonggi Province to Launch Stablecoin PoC Project in August 2026

According to ChainCatcher, South Korea's Gyeonggi Province announced it will launch a stablecoin proof-of-concept (PoC) project in August 2026 to explore the feasibility of stablecoin applications in local currency, government subsidies, and public payment systems. The initial testing phase will focus on three core technologies: programmable payments, zero-knowledge proof privacy mechanisms, and proof-of-reserve systems matching stablecoin issuance with reserve assets in real-time. If the first phase succeeds, the project will advance to a second expansion phase from October to December 2026, evaluating fraud prevention controls, transaction privacy protection, and collecting user feedback to support future large-scale stablecoin deployment.
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