The Central Bank of South Korea suspends its CBDC pilot and shifts to a stablecoin project for the banking sector.

Gate News bot message, according to Maeil Business Newspaper report, the Central Bank of Korea has suspended the CBDC project before the second round of testing. The reasons for the project suspension include an increase in the number of complaints from participating pilot banks, as well as an increase in discussions about the won stablecoin.

Currently, Korean banks such as KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, IBK Company, iM Bank, Suhyup, and K-Bank are participating in the open blockchain and DIDIA projects, responsible for promoting the issuance of stablecoins in the banking sector. Additionally, Busan Bank, Gyeongnam Bank, and Toss Bank are also considering joining the project.