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South Korea's first KRW-pegged stablecoin KRW1 launched on Avalanche.
Korean cryptocurrency custody service provider BDACS announced on Thursday that it has launched KRW1 on the Avalanche network, a stablecoin fully backed by the Korean won.
BDACS stated in a press release that it has successfully completed the full proof of concept for the technical feasibility of KRW1 (PoC). The company added that it chose Avalanche due to the reliability and security of the network in public sector use.
Each KRW1 stablecoin is fully backed by the Korean won, with the won held at one of South Korea&
View OriginalSouth Korea's first KRW-pegged stablecoin KRW1 launched on Avalanche.
Korean cryptocurrency custody service provider BDACS announced on Thursday that it has launched KRW1 on the Avalanche network, a stablecoin fully backed by the Korean won.
BDACS stated in a press release that it has successfully completed the full proof of concept for the technical feasibility of KRW1 (PoC). The company added that it chose Avalanche due to the reliability and security of the network in public sector use.
Each KRW1 stablecoin is fully backed by the Korean won, with the won held at one of South Korea&