Gyeonggi Province commissions research for stablecoin introduction

Gyeonggi Province is moving forward with plans to introduce a stablecoin, Digital Asset reported. While stablecoins have been discussed at the regional council level, this marks the first time a local government has commissioned a research project to develop an implementation plan. The province recently posted the pre-standard specifications for a research project on the matter to the Public Procurement Service's online portal, KONEPS. Gyeonggi Province explained that the move is necessary to develop a preemptive strategy in response to the spread of blockchain-based financial infrastructure and ongoing discussions about its regulatory formalization.