South Korean Firm BDACS Launches KRW1 Stablecoin on Circle’s Arc Blockchain

BDACS, a South Korean crypto custodian, has partnered with Circle to launch its won-backed stablecoin, KRW1, on the newly launched Arc blockchain. This marks the second integration for the stablecoin after its initial launch on Avalanche. The move is part of BDACS’ expansion plan to leverage the global reach of the stablecoin network. BDACS’ partnership with Circle on Arc aims to foster a more inclusive and accessible market for stablecoins in South Korea. The new blockchain platform boasts impressive traction from key players like Visa, BlackRock, and Goldman Sachs, who are actively participating in its testnet.