Avalanche and Solana Get a Headstart in KRW Stablecoin Race
Yahoo Finance·2025-10-14 15:37
Major South Korean banks are exploring KRW stablecoins. Kim Jae-Hwan/SOPA Images/LightRocket via Getty Images. Key Takeaways South Korea’s Digital Basic Act paved the way for KRW stablecoins earlier this year. Various banks and fintech as actively building in the space. Early developments highlight Avalanche and Solana. In September, BDACS developed a proof-of-concept for KRW1, which could become the first won-pegged stablecoin to hit the market since South Korea passed the Digital Basic Act. But ...