signed<\/a> a memorandum of understanding with Circle. The agreement between the two stablecoin issuers seeks to establish a framework for technical collaboration, regulatory alignment, and ecosystem development. <\/p>\nThis partnership is expected to leverage Circle\u2019s expertise in stablecoin issuance and blockchain infrastructure to ensure the secure and transparent operation of KRW1.<\/p>\n
<\/p>\n
CEO of BDACS, Hongyeol Ryu views the company\u2019s collaboration with Circle as a meaningful step in bringing Korean innovation onto the global financial ecosystem, especially with the rise of non-dollar backed stablecoins.<\/p>\n
\u201cBy distributing KRW1 to Circle\u2019s Arc, we have opened a gateway for Korean companies to participate in the global stablecoin network,\u201d said Ryu.<\/p>\n
Described as Circle\u2019s \u201cmost ambitious infrastructure play to date,\u201d Arc is a relatively new stablecoin-native blockchain that was established by the stablecoin giant in August 2025. The new blockchain aims to serve as a foundation for tokenized assets, on-chain payments, and programmable finance. <\/p>\n
The Arc blockchain is integrated directly with Circle\u2019s existing products and services, including major stablecoins like USDC (USDC) and EURC (EURC). By bringing KRW1 into Circle\u2019s stablecoin-driven blockchain, the token could gain more global exposure as it prepares to enter the wider stablecoin market.<\/p>\n
KRW1 and South Korea\u2019s bid for stablecoin domination<\/h2>\n
Launched in September 2025, KRW1 is a stablecoin that is fully backed by South Korean won. One of the first in the market, each token is backed on a 1:1 ratio, with Korean won held in escrow at Woori Bank with real-time API integration enabling verifiable proof of reserves.<\/p>\n
Initially the project was issued on the Avalanche (AVAX) blockchain, which BDACS claimed was chosen due to its security features and performance. Although, it also plans to integrate the won-pegged stablecoin into more networks overtime.<\/p>\n
In preparation for the launch, BDACS has completed the trademark registration for KRW1 since as early as December 2023, signaling its long-term commitment to building a trusted and regulated digital asset linked to the Korean won. <\/p>\n
As previously reported by crypto.news, the company stated that KRW1 is designed to facilitate remittances, everyday payments, investment activities. BDACS also expects the token to eventually be used in government initiatives such as emergency relief distribution.<\/p>\n
The launch of KRW1 comes amidst a rise in South Korean companies expressing interest in entering the stablecoin market with tokens pegged to the local currency. In mid-September 2025, Korea Exchange affiliate firm KOSCOM reportedly filed for five stablecoin trademarks, which include KSDC, KRW24, KRW365, KOSWON, and KORWON.<\/p>\n
Meanwhile back in August, fanC and Initech launched the first pilot for a Korean-won pegged stablecoin. Dubbed KRWIN, the pilot tested the token\u2019s feasibility, including transferability and real-world applications. Though, so far the two firms have held back from announcing an official release date for KRWIN.<\/p>\n
In addition, the South Korean Financial Services Commission was last reported to be working on a comprehensive regulations for stablecoins. The legislation is expected to be submitted by the end of 2025. This framework is part of the country\u2019s broader effort to regulate digital assets and accelerate stablecoin adoption.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
South Korean BDACS\u2019 official stablecoin, KRW1, will be issued on Circle\u2019s blockchain Arc. This marks the second integration for the stablecoin after its initial launch on Avalanche. Summary South Korean…<\/p>\n","protected":false},"author":1,"featured_media":14522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14627"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14627\/revisions"}],"predecessor-version":[{"id":14628,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14627\/revisions\/14628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/14522"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}