Avalanche powers South Korea’s first stablecoin backed by the Korean won

On September 18, 2025, BDACS introduced KRW1, South Korea’s first stablecoin backed by the Korean Won. It is aimed at reducing transaction costs for public sector programs like emergency relief.

The Avalanche blockchain ensures necessary scalability and security for KRW1. With reserves in Woori Bank and a 1:1 backing structure, KRW1 sets the stage for transparency, especially as regulations on digital assets evolve globally.