South Korea stop CBDC trials as dem banks dey shift to won-pegged stablecoins

South Korea central bank don hold second phase of CBDC trials make e wait until government give clear guideline on stablecoins and how dem go fit work with digital won. Bank of Korea don tell seven banks wey dey involved say project cost too high and confusion on how to make money from am don delay rollout. First phase wey dem run from April reach June with 100,000 users na to test payment matter dem. The second phase wey dem plan na to make merchants accept am more and add remittance features. Meanwhile, big Korean banks like KB Kookmin, Shinhan, Woori and NongHyup dey work together to drop won-pegged stablecoins next year, because dem get clearer way to make money. The news make some stock shakings: KakaoPay drop 7%, Hecto Financial come down 5%, while KB Financial Group and Shinhan Bank get small gains. Now, regulatory clear rules for stablecoins dey important as banks shift from CBDC trials go commercial digital currency business.