South Korea’s BDACS to Launch KRW1 Stablecoin on Circle’s Arc Blockchain
South Korean crypto custodian BDACS has announced plans to issue a won-backed stablecoin, “KRW1,” on Circle’s newly launched blockchain Arc. The Busan-based company signed a memorandum of understanding (MOU) with Circle to develop and deploy KRW1 on Arc, establishing what it called an “organic cooperative framework,” according to a Wednesday report by the Yonhap News…