[Gyeonggi Province, South Korea, Announces Official Launch of Stablecoin Proof-of-Concept Testing in August This Year] According to a report by Jinse Finance, Gyeonggi Province, a first-level administrative division in South Korea, has announced the launch of a stablecoin-based proof-of-concept (PoC) project in August. The project aims to explore the application of blockchain stablecoins in local currencies, public subsidies, and payment systems. It is reported that this PoC will focus on verifying three core technologies: programmable payments, zero-knowledge proofs, and reserve proofs to ensure real-time validation of stablecoin issuance volume matching reserve assets. If progress goes smoothly, the project will enter the second-phase testing and expansion stage from October to December, focusing on evaluating mechanisms to prevent fund misuse, privacy protection, applicable business screening, and feedback from residents and enterprises.