South Korea's NH Nonghyup Bank completed the CBDC simulation test and plans to verify business models such as NFT and stablecoins by the end of the year

According to Yonhap News Agency, South Korea's NH Nonghyup Bank announced that it has completed the central bank digital currency (CBDC) simulation test, and plans to use the built blockchain platform to verify various digital asset-related business models before the end of the year, such as NFT, stable currency (Nonghyup Bank) Digital Currency, NHDC) and multi-asset e-wallets.