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South Korea's BDACS will promote the issuance of the Korean won stablecoin "KRW1" on the Circle Arc Blockchain.
Golden Finance reported that the digital asset infrastructure company BDACS announced on the 29th its plan to issue the Korean won stablecoin “KRW1” on the new blockchain “Arc” of global fintech company Circle. To advance the project, BDACS has signed a memorandum of understanding with Circle and established a collaborative cooperation mechanism. In addition, BDACS completed the trademark registration for “KRW1” in December 2023.