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South Korea's BDACS launches the first Korean won-backed stablecoin KRW1 on Avalanche

South Korea's BDACS launches the first Korean won-backed stablecoin KRW1 on Avalanche

Chaincatcher2025/09/18 01:51

ChainCatcher news, according to Cointelegraph, South Korean crypto asset custody service provider BDACS has launched the first Korean won-backed stablecoin, KRW1, on the Avalanche blockchain after successfully passing proof of concept. This stablecoin is fully collateralized by Korean won held at Woori Bank.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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