Korea's KRW1 won-backed stablecoin goes global via Rain on Avalanche
Korea's first won-backed stablecoin, KRW1, is going global. Issued by BDACS on Avalanche, KRW1 is being integrated into Rain's global payments infrastructure, allowing businesses to launch won-denominated cards usable across 175M+ Visa merchant locations worldwide.
Sources
- RT @raincards: The Korean won is now onchain. Rain is adding support for KRW1: the first won-backed stablecoin, issued by BDACS on Avalanc…x.com ↗
- BREAKING: Korea’s first won-backed stablecoin is going global with Rain, powered by Avalanche Rain is integrating KRW1 into its global payments infrastructure, allowing businesses to launch won-denominated cards that can be used across 175M+ Visa merchant locations worldwide. https://t.co/WFuQHCd87Ax.com ↗
