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      South Korean Onshore KRW Stablecoin KRW1 Integrates LayerZero for Cross-Chain Interoperability

      PANews, September 8 — LayerZero announced that Korean digital asset custodian BDACS has adopted LayerZero Labs' OFT (Omnichain Fungible Token) standard for the KRW-backed stablecoin KRW1, enabling native cross-chain interoperability.

      LayerZero stated that KRW1 thus becomes the first KRW stablecoin capable of native transfers across major DeFi ecosystems, with its supply able to flow seamlessly across networks without the need for wrapped tokens and avoiding liquidity fragmentation.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud