BDACS Launches Won-Backed Stablecoin, After PoC With Woori Bank

BDACS announced the launch of KRW1, a South Korean won-backed stablecoin, following a proof of concept that validated its technical design. BDACS Targets Payments and Public Disbursements With KRW1 Stablecoin KRW1 is trademarked by BDACS and issued on the Avalanche (AVAX) blockchain. The company said its system links fiat deposits, token issuance, and onchain verification