South Korea's BDACS launches the first Korean won-backed stablecoin KRW1 on Avalanche
ChainCatcher news, according to Cointelegraph, South Korean crypto asset custody service provider BDACS has launched the first Korean won-backed stablecoin, KRW1, on the Avalanche blockchain after successfully passing proof of concept. This stablecoin is fully collateralized by Korean won held at Woori Bank.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nakamoto CEO clarifies that 367 bitcoins were used for DAT investment rather than an actual sale
Citibank and Swift complete pilot for PvP settlement process between fiat and digital currencies
Data: A certain whale increased holdings by 57,000 ETH in a single day, with total holdings reaching $1.21 billions
Trending news
MoreCrypto prices
More
