KRW1 Stablecoin Launches on Circle’s Arc Network via Vidax

TLDR: Vidax will issue the Korean Won-backed stablecoin KRW1 on Circle’s new Arc blockchain network. The collaboration follows a formal MOU between Vidax and Circle to support stablecoin integration. KRW1 marks Korea’s entry into Circle’s global stablecoin system for cross-border crypto settlements. The KRW1 trademark registration completed in 2023 positions Vidax to lead Korea’s stablecoin [...]

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