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      Injective Partners with BDACS to Launch KRW1 Stablecoin in RWA Ecosystem

      Injective has announced a strategic partnership with BDACS, a South Korean digital asset custodian, to integrate the KRW1 stablecoin into its network. The KRW1 stablecoin, which is backed by the Korean won and held in escrow at Woori Bank, will facilitate trading and settlement within Injective's real-world asset (RWA) ecosystem. This partnership aims to connect traditional fiat systems with blockchain infrastructure tailored for institutional users.

      The KRW1 stablecoin is fully collateralized by Korean won, with real-time verification of reserves through banking APIs, ensuring transparency and reliability. The initial proof-of-concept for KRW1 was completed on September 18, 2025, on the Avalanche network, and has since expanded to multiple blockchains, including Ethereum and BNB Chain. The integration with Injective marks a significant step in its growing adoption.

      As of October 20, 2026, the on-chain supply of KRW1 stands at approximately 13.67 million, with total holdings estimated at around 142 million KRW equivalent. The introduction of a won-denominated stablecoin is expected to reduce foreign exchange risks for Korean institutions engaging in on-chain settlements. However, KRW1 is still pending further regulatory approval, which could impact its future growth and adoption in the market.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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