The Central Bank of South Korea suspends the CBDC project, and the banking sector shifts to stablecoin issuance.

[Coin World] According to reports, the CBDC project led by the Central Bank of South Korea has been suspended before the second round of testing. The decision to suspend the CBDC project was made due to an increase in complaints from banks participating in the pilot project, as well as growing discussions about the introduction of a Korean won stablecoin. Currently, Korean banks KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, IBK Company, iM Bank, Suhyup, and K-Bank are participating in the open blockchain and DIDIA project for the issuance of stablecoins in the banking sector, while Busan Bank, Gyeongnam Bank, and Toss Bank are also considering joining.