#Gyeonggi Province

South Korea Tests Government-Linked Stablecoin Pilot in Gyeonggi Province

South Korea is putting a government-linked won stablecoin to the test in Gyeonggi Province, checking whether blockchain payments can work for public disbursements without blowing up privacy or compliance. The pilot leans on zero-knowledge proofs and reserve checks, but the real test is whether it becomes useful infrastructure or just another polished demo.