Key dishes to remember
- Bdacs launched KRW1, the first Korean back stablecoin on the avalanche blockchain.
- KRW1 is entirely supported by Korean Won reserves held at the Woori Bank.
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The BDACs of South Korea launched Krw1, the first Korean back stablecoin on the avalanche blockchain. Digital assets are fully guaranteed with Won Koreans held at Woori Bank.
The launch follows proof of validation of the concept, marking one of the first stablecoins set for the national currency of South Korea to operate on a large blockchain network.
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