South Korea starts its first government blockchain stablecoin pilot as Gyeonggi Province, Toss, and KT expand won-based digital payment projects.
- South Korea, specifically Gyeonggi Province, is launching its first government-backed blockchain stablecoin pilot in August, focusing on issuance, settlement, privacy, and fraud prevention.
- The pilot, led by ZKrypto, will utilize zero-knowledge proof and proof-of-reserves technology, aiming to strengthen domestic stablecoin infrastructure.
- Simultaneously, private companies like Toss and KT are independently developing infrastructure for won-based stablecoins, indicating a broader push towards tokenized digital payments in South Korea.
Topics: Jurisdictions, Asset types, Infrastructure providers, Regulatory sandboxes pilots, Stablecoins digital cash, Tokenization platforms
Tags: #southkorea #stablecoinpilot #blockchain #zkrypto #toss #kt #wonbasedstablecoin #zeroknowledgeproof #proofofreserves #digitalpayments
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