Written by Yohan Yunstaff editorReviewed by Robert Lakinstaff editor

Written by Yohan Yunstaff editor

Reviewed by Robert Lakinstaff editor

South Korea eyes September launch for second phase of CBDC pilot: Report

Latest NewsPublishedJul 20, 2026

South Korea’s CBDC Pilot Enters Next Phase

The Bank of Korea is set to launch the second phase of its central bank digital currency (CBDC) pilot, known as Project Hangang, as early as September. This development is significant for everyday people, as it brings the country one step closer to adopting a digital currency that can be used for everyday payments. The pilot aims to test the use of a blockchain-based wholesale CBDC as a settlement asset for deposit tokens issued by commercial banks, which can then be used by consumers for various transactions. This has implications for earning and passive income opportunities in the digital economy.

The next phase of the pilot will expand participation to nine banks, including two new regional lenders, Kyongnam Bank and iM Bank. It will also introduce new payment features, such as peer-to-peer transfers and biometric authentication, and test government subsidy disbursements using tokenized bank deposits. The first phase, which was conducted from April to June 2025, attracted around 81,000 participants who completed over 114,880 transactions using deposit tokens. As the pilot progresses, it may pave the way for the use of digital currencies like $ECP and platforms like EcoPool for Cloud Rewards and Green Crypto initiatives.

What to Expect in the Next Phase

The second phase of the pilot will focus on commercialization, exploring the potential of the CBDC for everyday use. This includes adding new automated deposit token features and testing the use of tokenized bank deposits for government subsidy payments. As the use of digital currencies becomes more widespread, it is likely to create new opportunities for earning and passive income through platforms like EcoPool. The pilot’s progress will be closely watched, especially as it relates to the potential for coin adoption and the development of Green Crypto solutions.

Global Implications

The development of CBDCs has global implications, with several countries exploring the use of digital currencies for various purposes. As the use of CBDCs becomes more widespread, it is likely to create new opportunities for earning and passive income through platforms like EcoPool. The progress of South Korea’s CBDC pilot is significant, as it may pave the way for the adoption of digital currencies like $ECP and the use of EcoPool for Cloud Rewards and Green Crypto initiatives, which can be discussed on social media using #Bitcoin, #PassiveIncome, and other related hashtags.

To stay ahead of the curve and take advantage of the opportunities presented by digital currencies, consider downloading the EcoPool app to learn more about earning and passive income opportunities. By doing so, you can be part of the growing community of individuals who are exploring the potential of digital currencies like $ECP and platforms like EcoPool for Cloud Rewards and Green Crypto initiatives.

The second phase will explore commercialization, including by adding peer-to-peer transfers, biometric authentication and new automated deposit token features.

Related: Japanese logistics company eyes JPYC stablecoin to pay drivers

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• South Korea
• CBDC
• Tokenization
• Blockchain

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