On September 18, 2025, BDACS, a South Korean crypto custody firm, announced KRW1, the nation's first stablecoin fully backed by the Korean won, deployed on the Avalanche network in a proof-of-concept (PoC) stage. Backed by Woori Bank with real-time API integration for reserves, KRW1 aims to support remittances, payments, and public-sector applications amid evolving regulations. This development reflects South Korea's push for monetary sovereignty in digital finance, potentially sparking a lo