KRW1 Stablecoin Goes Live on Avalanche as BDACS Partners with Woori Bank

TLDR: BDACS introduced KRW1, the first Korean won-backed stablecoin, fully collateralized with fiat deposits at Woori Bank. Avalanche was selected as the launch blockchain for its speed, scalability, and security cited by Korea’s KISA agency. KRW1’s launch follows a completed proof of concept involving fiat integration, issuance systems, and user-facing applications. BDACS plans to expand [...]

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