BDACS Launches Proof-of-Concept for Korean Won Stablecoin KRW1
Quick Breakdown: BDACS launched KRW1 as South Korea’s first proof-of-concept won stablecoin, fully backed 1:1 by Woori Bank reserves. The stablecoin features real-time reserve verification, planned audits, and compliance modules to meet future regulations. KRW1 aims to enable secure payments, remittances, and institutional settlement once Korea’s digital asset framework takes ...
