According to Cointelegraph, Injective and BDACS plan to introduce a Korean won–backed stablecoin called KRW1 specifically for use in settlement within tokenized asset markets. The development aligns with South Korea’s ongoing process of creating a regulatory framework for local‑currency stablecoins.
The parties intend that KRW1 will serve as a settlement layer for tokenized versions of assets, supporting transactions and transfers under the emerging rules. No further details on timeline, technical specifications, or commercial rollout were provided in the source material.
