According to Nexblock, Gyeonggi Province in South Korea plans to roll out a phased stablecoin concept proof (PoC) for local currency and public funds payment systems. The first round of testing is expected to begin in August, focusing on validating the end-to-end process of stablecoins—from issuance and circulation to settlement. From October to December, the testing environment will be further expanded, with the overall research project planned to conclude in February 2027. Zero-knowledge proof technology company Zkrypto was selected from 24 bidding organizations to test technologies such as programmable payments, zero-knowledge proofs (ZK), and proof of reserves (PoR). These will be used to reduce duplicate subsidy claims, improve settlement transparency, and verify eligibility for use without directly exposing personal information.