South Korea has launched its first stablecoin on Avalanche, KRW1. The launch of KRW1 represents an advancement in the Korean fintech sector.Â
South Korea’s first stablecoin on Avalanche, KRW1, offers safer and faster digital payments and connects banks with blockchain.
What Makes KRW1 Special
A Korean won backs every KRW1 in the market, making it perfectly collateralized. Woori Bank acquires and secures these won. It provides greater credibility and visibility to KRW1. The stablecoin will run on the Avalanche blockchain, known for its speed and low transaction costs. You will also get access to quick payments, remittances, and even government programs.
🇰🇷 NOW: South Korea’s BDACS launches the first KRW-backed stablecoin KRW1 on Avalanche, fully collateralized with Korean won held at Woori Bank following successful proof of concept validation. pic.twitter.com/SckGehw7wT
— Cointelegraph (@Cointelegraph) September 18, 2025
Before the official launch, KRW1 went through a proof of concept (PoC) phase. During this phase, BDACS, the company behind the project, tested the stablecoin with real systems and users. Their concern is to make the system sleek and safe. Having successfully tested it, the regulators and partners were confident enough to proceed. At this point, KRW1 can expand its usage to the Korean market.
SOUTH KOREA’S BDACS LAUNCHES KRW1, FIRST KRW-BACKED STABLECOIN ON AVALANCHE
BDACS has launched KRW1, the first Korean won–backed stablecoin on Avalanche, fully collateralized with fiat reserves held at Woori Bank.
The rollout follows a successful proof-of-concept validation… pic.twitter.com/rE0B1eKlIc
— Crypto Town Hall (@Crypto_TownHall) September 18, 2025
Why a Stablecoin on Avalanche Matters
South Korea’s launch of a stablecoin on Avalanche has big benefits:
- Real-time transactions: You will be in a position to make transactions at any time and place without delays.
- Lower cost: It is a lot more affordable to transfer money digitally as compared to traditional banking.
- International usage: Individuals are able to use KRW1 in making global payments and trade.
- Trust factor: With the reserves held by Woori Bank, there will be more confidence among the people.
This move also helps South Korea stay ahead, showing how traditional finance and blockchain can work together.
Quality, trust, and infrastructure that’s ready for a high demand, regulated future.
That’s why so many institutions are choosing to build on Avalanche today. pic.twitter.com/WtIXxOvJEV
— Avalanche🔺 (@avax) September 22, 2025
What Comes Next
KRW1 is starting in a controlled rollout. Regulators are still creating rules for stablecoins in South Korea. The next step will be wider adoption. If KRW1 succeeds, other countries could use it as a template to launch their stablecoins.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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