Bithumb Holds Contest to Support Stablecoin Ecosystem Development

Bithumb, a domestic virtual asset (cryptocurrency) exchange, announced on the 20th that it will hold a hands-on contest, the '2025 Bithumb Stablecoin Ecosystem Development Support Contest', to foster the stablecoin ecosystem.

The theme of this contest is 'Business ideas based on the real-life application and commercialization potential of stablecoins.' It is a practical program that goes beyond suggesting simple ideas and connects to actual startup launches and investment attraction. Participants can apply by selecting one or more fields such as △planning and strategies for stablecoin-related business models △technology and structure of stablecoins △practical application measures and legal/regulatory compliance.

Awards are divided into the 'Idea Competition' and 'Startup Investment' categories. In the Idea Competition, a total prize of ₩200,000,000 will be awarded: ₩100,000,000 for the grand prize winner (1 team), ₩70,000,000 for the top excellence award (1 team), and ₩30,000,000 for the excellence award (1 team).

The Startup Investment category is open to teams capable of executing a business startup, regardless of whether they have received an idea award. Bithumb plans to select up to 10 teams and offer up to ₩10,000,000,000 per team in investments and commercialization support by purchasing initial issue coins, totaling up to ₩30,000,000,000 overall.

Applications will be accepted from the 20th to the 31st of the following month. The first round of judging will take place on August 22, with the finals and award ceremony on September 15. Anyone interested in stablecoins—including undergraduate and graduate students, developers, aspiring entrepreneurs, and current entrepreneurs, both domestic and international—can apply. Participants must submit their proposals and other required documents via email (stable.contest@bithumbcorp.com).

A Bithumb official stated, "Through this contest, we aim to discover stablecoin startups with global competitiveness and establish a foundation for leading the next generation of digital financial innovation." Details related to the contest can be found in the notices on the official Bithumb website.