World PulseNow
Newsletter

Won-pegged stablecoin KRW1 launches in South Korea on Avalanche

Crypto News•Thursday, September 18, 2025 at 7:48:09 AM
PositiveCryptocurrency
Won-pegged stablecoin KRW1 launches in South Korea on Avalanche
The launch of KRW1, a won-pegged stablecoin on the Avalanche blockchain, marks a significant advancement in South Korea's digital currency landscape. Announced by the Seoul-based firm BDACS on September 17, this stablecoin is fully backed by the South Korean won, providing a new option for digital transactions and investments. This development is important as it reflects the growing acceptance and integration of blockchain technology in traditional finance, potentially enhancing the efficiency and security of financial operations in the region.
— Curated by the World Pulse Now AI Editorial System
Read Original

Was this article worth reading? Share it

Recommended Readings
PayPal expands PYUSD stablecoin to Tron, Avalanche and 6 other chains
Cointelegraph2 hours ago
PayPal expands PYUSD stablecoin to Tron, Avalanche and 6 other chains
PositiveCryptocurrency
PayPal is making waves in the cryptocurrency world by expanding its PYUSD stablecoin to include support for Tron, Avalanche, and six other blockchains. This move, facilitated through LayerZero and the Stargate Hydra bridge, marks a significant step towards enhancing the accessibility and utility of digital currencies. By embracing a permissionless version of PYUSD, PayPal is not only broadening its offerings but also reinforcing its commitment to innovation in the financial technology space.
Read full article
via Cointelegraph
AVAX Surges as Avalanche Powers Stablecoin Payments in Korea and Japan
Bitcoinist2 hours ago
AVAX Surges as Avalanche Powers Stablecoin Payments in Korea and Japan
PositiveCryptocurrency
Avalanche (AVAX) is making significant strides in Asia, particularly in Korea and Japan, by introducing innovative stablecoin payment solutions. This expansion is crucial as it not only enhances the accessibility of digital currencies in these markets but also positions Avalanche as a key player in the evolving financial landscape. The launch of KRW1, South Korea's first won-backed stablecoin by BDACS, exemplifies this trend and highlights the growing acceptance of stablecoins in everyday transactions.
Read full article
via Bitcoinist
PayPal's $1.3B Stablecoin Expands to 9 New Blockchains With LayerZero Integration
CoinDesk6 hours ago
PayPal's $1.3B Stablecoin Expands to 9 New Blockchains With LayerZero Integration
PositiveCryptocurrency
PayPal is making waves in the cryptocurrency world by expanding its $1.3 billion stablecoin to nine new blockchains, including Aptos and Avalanche, through LayerZero integration. This move not only enhances the token's accessibility but also signifies PayPal's commitment to embracing innovative financial technologies. As more users gain access to this permissionless version of the stablecoin, it could pave the way for broader adoption of digital currencies, making transactions easier and more efficient.
Read full article
via CoinDesk
BDACS Launches Won-Backed Stablecoin, After PoC With Woori Bank
Bitcoin.com7 hours ago
BDACS Launches Won-Backed Stablecoin, After PoC With Woori Bank
PositiveCryptocurrency
BDACS has successfully launched a won-backed stablecoin following a proof of concept with Woori Bank. This development is significant as it represents a step forward in integrating traditional banking with cryptocurrency, potentially enhancing the stability and usability of digital currencies in the market.
Read full article
via Bitcoin.com
PayPal’s PYUSD enters Tron, Avalanche via LayerZero rails
Crypto News7 hours ago
PayPal’s PYUSD enters Tron, Avalanche via LayerZero rails
PositiveCryptocurrency
PayPal is making waves in the cryptocurrency world by expanding its stablecoin, PYUSD, onto nine new chains, including Tron and Avalanche, through LayerZero's interoperability technology. This strategic move is significant as it aims to capture market share from existing stablecoins within these ecosystems, showcasing PayPal's commitment to enhancing its digital currency offerings and increasing its influence in the crypto market.
Read full article
via Crypto News
CoinDesk 20 Performance Update: Index Gains 2.8% as All Constituents Move Higher
CoinDesk14 hours ago
CoinDesk 20 Performance Update: Index Gains 2.8% as All Constituents Move Higher
PositiveCryptocurrency
The latest CoinDesk 20 performance update reveals a positive trend in the cryptocurrency market, with the index gaining 2.8%. Notably, Avalanche (AVAX) surged by 10.4% and Bitcoin Cash (BCH) increased by 7.8%, driving the overall index higher. This uptick is significant as it reflects growing investor confidence and market momentum, suggesting a potential recovery phase for cryptocurrencies.
Read full article
via CoinDesk
BDACS Launches Won-Backed Stablecoin KRW1 On Avalanche
99Bitcoins17 hours ago
BDACS Launches Won-Backed Stablecoin KRW1 On Avalanche
PositiveCryptocurrency
BDACS has made a significant move by launching the first Korean Won-backed stablecoin, KRW1, on the Avalanche blockchain, with backing from Woori Bank. This development is crucial as it marks a milestone in South Korea's digital asset landscape, potentially enhancing the adoption of stablecoins in the region and providing a new avenue for digital transactions.
Read full article
via 99Bitcoins
Global Stage Bridging Washington and Seoul: Web3 Future to Be Discussed at KBW2025
Bitcoin.com19 hours ago
Global Stage Bridging Washington and Seoul: Web3 Future to Be Discussed at KBW2025
PositiveCryptocurrency
The upcoming KBW2025 event is set to be a pivotal moment for the Web3 community, bridging the gap between Washington and Seoul. This gathering will focus on the future of blockchain technology and its potential to reshape industries. With key stakeholders from both regions participating, the discussions promise to foster collaboration and innovation, highlighting the importance of international dialogue in advancing technological advancements.
Read full article
via Bitcoin.com
BDACS unveils KRW-backed stablecoin KRW1 on Avalanche
Crypto Briefinga day ago
BDACS unveils KRW-backed stablecoin KRW1 on Avalanche
PositiveCryptocurrency
BDACS has launched KRW1, a stablecoin backed by the South Korean won, on the Avalanche blockchain. This move is significant as it could boost the adoption of digital currencies in South Korea and promote the integration of blockchain technology into traditional financial systems. With KRW1, users may experience more stability and confidence in digital transactions, potentially paving the way for broader acceptance of cryptocurrencies in the region.
Read full article
via Crypto Briefing
AVAX price prediction: Is AVAX headed for $50 next?
Crypto Newsa day ago
AVAX price prediction: Is AVAX headed for $50 next?
PositiveCryptocurrency
Avalanche's AVAX token is currently priced at around $29.8, following a recent rally that saw it attempt to break the crucial $30 barrier. Analysts are optimistic about its potential to reach $50, making this a significant moment for investors and traders alike. The interest in AVAX highlights the growing confidence in the cryptocurrency market, and its performance could influence broader trends in digital assets.
Read full article
via Crypto News
Solana Veteran Joins Ava Labs to Spearhead Avalanche Growth
CoinDesk2 days ago
Solana Veteran Joins Ava Labs to Spearhead Avalanche Growth
PositiveCryptocurrency
Arielle Pennington, who previously led communications at the Solana Foundation, has joined Ava Labs to drive growth for Avalanche. This move is significant as it highlights the ongoing evolution and competition within the blockchain space, with experienced professionals like Pennington bringing their expertise to new projects.
Read full article
via CoinDesk
CoinDesk 20 Performance Update: Avalanche (AVAX) Gains 4.6% as Index Moves Higher
CoinDesk3 days ago
CoinDesk 20 Performance Update: Avalanche (AVAX) Gains 4.6% as Index Moves Higher
PositiveCryptocurrency
The latest CoinDesk 20 performance update highlights a positive trend in the cryptocurrency market, with Avalanche (AVAX) gaining 4.6% and NEAR Protocol (NEAR) also showing strong performance with a 2.9% increase. This uptick is significant as it reflects growing investor confidence and market stability, suggesting a potential recovery phase for digital assets.
Read full article
via CoinDesk
Latest from Cryptocurrency
SEC Commissioners Clash Over Crypto Listing Standards With ETF Surge Set to Unleash
Bitcoin.coman hour ago
SEC Commissioners Clash Over Crypto Listing Standards With ETF Surge Set to Unleash
NeutralCryptocurrency
The recent clash among SEC commissioners regarding crypto listing standards comes at a pivotal moment as the surge in ETF applications could reshape the cryptocurrency landscape. This debate highlights the ongoing struggle to establish clear regulations in a rapidly evolving market, which is crucial for investor protection and market stability.
Read full article
via Bitcoin.com
Bitcoin Price Keeps Climbing – Are We Hours Away From a Major Breakout?
NewsBTCan hour ago
Bitcoin Price Keeps Climbing – Are We Hours Away From a Major Breakout?
PositiveCryptocurrency
Bitcoin's price is on the rise, currently hovering above $116,650, and it seems poised for a potential breakout. If it can surpass the $118,000 resistance level, we could see even more gains. This upward trend is significant as it indicates growing investor confidence and could attract more attention to the cryptocurrency market, making it an exciting time for both traders and enthusiasts.
Read full article
via NewsBTC
Rex-Osprey’s XRP, DOGE ETFs ‘no slouch’ with $54M volume on debut
Cointelegraphan hour ago
Rex-Osprey’s XRP, DOGE ETFs ‘no slouch’ with $54M volume on debut
PositiveCryptocurrency
Rex-Osprey's new ETFs tracking XRP and Dogecoin have made a strong debut, achieving an impressive $54 million in trading volume. This performance not only exceeds analysts' expectations but also highlights the growing interest in cryptocurrency investment products. As more investors look to diversify their portfolios with digital assets, the success of these ETFs could pave the way for more innovative financial products in the crypto space.
Read full article
via Cointelegraph
Bitcoin Price Forecast: Expert Predicts 70% Chance Of New Highs Within Two Weeks
NewsBTCan hour ago
Bitcoin Price Forecast: Expert Predicts 70% Chance Of New Highs Within Two Weeks
PositiveCryptocurrency
Bitcoin is on the rise again after the US Federal Reserve's recent interest rate cut, with experts predicting a 70% chance of reaching new all-time highs within just two weeks. This is significant because it reflects a growing confidence in the cryptocurrency market, suggesting that investors may be ready to embrace Bitcoin's potential for substantial gains. As the market reacts positively to these developments, it could pave the way for even more interest and investment in digital currencies.
Read full article
via NewsBTC
Crypto OI Shows Mixed Trend: Bitcoin, Solana Down, While Ethereum, XRP Up
Bitcoinistan hour ago
Crypto OI Shows Mixed Trend: Bitcoin, Solana Down, While Ethereum, XRP Up
NeutralCryptocurrency
The latest trends in the crypto futures market reveal a mixed performance among major cryptocurrencies. While Bitcoin and Solana have experienced a decline in their perpetual futures open interest, Ethereum and XRP are showing positive movement. This divergence is significant as it highlights the varying investor sentiments and market dynamics within the crypto space, indicating potential shifts in trading strategies.
Read full article
via Bitcoinist
SUI Breakout In The Horizon? Price Eyes $4 Retest As Momentum Builds
NewsBTCan hour ago
SUI Breakout In The Horizon? Price Eyes $4 Retest As Momentum Builds
PositiveCryptocurrency
SUI is showing promising signs as it approaches a key resistance level, with institutional momentum building and significant partnerships being formed. Analysts believe that if SUI can maintain its current levels, it may break out to new highs, potentially retesting the $4 mark. This is particularly exciting for investors, as the cryptocurrency has recently surged 4.2%, marking its first time reclaiming the $3.90 area in a month. The developments around SUI could indicate a positive trend in the broader cryptocurrency market.
Read full article
via NewsBTC