South Korean Custodian BDACS Launches First Fiat-Backed Won Stablecoin on AVAX
BDACS, a South Korean digital asset custodian, has formally launched the primary Korean received–backed stablecoin on the Avalanche blockchain. Dubbed KRW1, the stablecoin is totally collateralized with Korean received deposits held at Woori Bank, AVAX reported on Thursday. “Every KRW1 is backed 1:1 with received held in escrow at Woori Bank,” wrote Avalanche on X….
