Korea's first-generation blockchain project keeps pushing forward

Korea's first-generation blockchain project keeps pushing forward

Wemade, a Korean gaming company, launched its blockchain venture in 2018 with just four employees. Seven years on, that team has grown to more than 200. Along the way, the company has endured market volatility, regulatory setbacks and repeated controversy. But at least one thing has become clear: It isn't walking away. "There's no other company in Korea with this many people working on blockchain," said Shane Kim, executive vice president of Wem…

South Korea’s BDACS To Launch KRW1 Stablecoin on Circle’s Arc Blockchain - Coin Surges

The post South Korea’s BDACS To Launch KRW1 Stablecoin on Circle’s Arc Blockchain appeared first on Coinpedia Fintech News BDACS, a South Korean digital asset custodian, is planning to launch the Korean won-backed stablecoin, KRW1, on Circle’s new blockchain. This move marks a major step in expanding Korea’s presence in global digital finance and strengthen its role in the stablecoin market. BDACS brings KRW1 to Circle’s Arc  “This collaboration…

KRW1 Stablecoin Debuts in South Korea With BDACS and Circle

South Korea is taking a big step into digital finance. BDACS, a digital asset custodian in Busan, has partnered with Circle to launch KRW1, a stablecoin pegged 1:1 to the Korean won. It will operate on Circle’s Arc blockchain, which is built for tokenized assets and global payments. LATEST: South Korea’s BDACS is teaming up with Circle to launch a won-backed stablecoin, KRW1. pic.twitter.com/s6XA13JQYo— Cointelegraph (@Cointelegraph) October 29,…

South Korean Custodian Plans KRW-Backed Stablecoin on Circle’s Arc, Enhancing USDC Integration

South Korean crypto custodian BDACS is set to launch KRW1, a won-backed stablecoin, on Circle’s newly introduced Arc blockchain, following a key partnership agreement. This move aims to integrate Korean

Circle’s Arc attracts South Korea’s first won-backed stablecoin experiment

Circle’s Arc has seen strong early adoption, with over 100 global financial and fintech giants, including BlackRock, Goldman Sachs, Visa and Mastercard, joining its public testnet.

KRW1 to be integrated into Circle's Arc blockchain

South Korean BDACS’ official stablecoin, KRW1, will be issued on Circle’s blockchain Arc. This marks the second integration for the stablecoin after its initial launch on Avalanche. According to a recent report by Yonhap News, South Korean digital asset company…