The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.
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Busan Bank of South Korea completes pilot program for Korean won stablecoin on Kaia Chain.
According to Foresight News , BNK Busan Bank has completed a pilot project on Kaia Chain for a stablecoin infrastructure based on the Korean won, intended for use in digital local currency scenarios. This proof-of-concept (PoC) involved K-STAR Alliance partners AhnLab Blockchain Company, Lambda256, and Open Asset. Test results showed a 100% transaction success rate and a processing time of less than one second.
Vitalik Buterin released a new proposal suggesting that the consensus layer state be drastically reduced to only 6 bytes.
According to Foresight News , Vitalik Buterin has released a new proposal, "The Extremely Lean Chain." The core of this proposal is to significantly simplify the state stored by each validator in the current Beacon chain (public key, withdrawal certificate, activation/exit epoch, etc.), retaining only 6 bytes (1 byte for effective balance + 5 bytes for deposit tree index). Validators will need to track their deposit Merkle proofs themselves and asynchronously update their effective balance and participation records using daily generated STARK proofs, instead of having these updates processed in real-time on-chain every epoch. The proposal is planned to proceed in multiple phases: removing public key storage and replacing it with a deposit tree index, with daily STARK proofs used to update the balance; subsequently, a daily public key refresh mechanism will be introduced to achieve strong anonymity of validator identities, while naturally supporting Single Secret Leader Election (SSLE). This design is considered feasible in the context of Lean upgrades such as single-slot finality (SSF) and recursive STARK, aiming to significantly reduce consensus layer state overhead and computational burden, support the number of validators to the millions, and provide strong privacy protection in advanced versions.
Opinion: South Korea has not yet truly entered the stablecoin market; it needs to first answer why it is worthwhile to use it.
According to Odaily Odaily, Yoon Seung-sik, head of Tiger Research, stated that the South Korean won stablecoin market does not yet have a real place, not because it lacks potential, but because South Korea has not yet experienced enough market practice and discussion. Unlike the United States, which has undergone years of trial and error, regulation, and market evolution in the field of stablecoins, related discussions in South Korea are just beginning. South Korea's financial infrastructure is already very well-developed, and the real challenge lies in answering "why consumers need to use won stablecoins." Yin Chengzhi believes that the core keywords for the digital asset industry in the first half of this year were stablecoins, tokenization, and RWA. While AI Agents and DeFi have long-term potential, they are still far from large-scale implementation. Stablecoins and tokenization, on the other hand, have accumulated numerous global case studies, driving more institutions to accelerate their entry. It is expected that the digital asset market in the second half of the year will continue to focus on regulatory developments, the actual effectiveness of stablecoins and RWA implementation, and new retail market narratives. (Etoday)
KT, a South Korean telecommunications company, plans to invest 18 trillion won to advance its Token Factory and stablecoin businesses.
According to a report by Digital Daily, South Korean telecom operator KT announced that it will invest approximately 18 trillion won over the next three years, with 12 trillion won allocated to information security, IT, and networks, and 6 trillion won to AI infrastructure, while also advancing its Token Factory and stablecoin businesses. KT plans to combine its 1GW-scale AI data center, token optimization engine, and billing and settlement capabilities to create a Token Factory that supports token generation, intermediation, and billing. Simultaneously, it intends to enter the stablecoin digital financial platform market, leveraging K Bank's 16 million customers, BC Card's 3.5 million merchants, and KT's network and security infrastructure to cover the entire ecosystem from issuance and custody to settlement and actual use.
Coinbase, Moov to provide stablecoin infrastructure for US community banks
The partnership will provide stablecoin acceptance, settlement and real-time funding capabilities to over 1,000 community banks and credit unions.
Bank of England set for new innovation mandate covering stablecoins
The UK plans to expand the Bank of England’s remit to support digital payments innovation, including stablecoins, while keeping financial stability first.