Gyeonggi Province, South Korea will launch a stablecoin concept verification project in August

According to Etoday, Gyeonggi Province in South Korea announced that it will launch a stablecoin based PoC project in August, exploring the application of blockchain stablecoins in local currencies, public subsidies, and payment systems. The project will focus on verifying programmable payments, zero knowledge proofs, and reserve proof technologies, and plans to enter the second phase of testing from October to December.