Kyoyo-do, Korea, announced that it would officially launch the stabilization currency concept validation test in August this year

With the announcement that the concept validation (PoC) project, based on a stabilization currency, will be launched in August, exploring the application of block-chain stabilization currency to local currency, public subsidies and payment systems, it is known that this time the PoC will focus on three core technologies: programmable payments, zero knowledge certification, and real-time certification of reserves that match stable currency issuance with reserve assets. If progress is successful, it will enter the second phase of testing expansion in October-December, focusing on the prevention of financial misuse, privacy protection mechanisms, application of business screening and feedback from residents and businesses。