Korea Tests Regulated Stablecoin with Privacy and Compliance Features
A proof-of-concept test is underway for a Korean Won-backed stablecoin that combines regulatory compliance with blockchain privacy.
**Key Components Being Tested:**
- OP Enterprise for settlement control
- KYC and AML systems built to Korean regulatory standards
- Sunnyside Labs' @PrivacyBoost for private transactions on public networks
The test, involving Optimism, @PrivacyBoost, and @toss__official, runs over three months to determine if digital money can settle onchain while meeting Korea's requirements for compliance, privacy, and institutional control.