According to @Sarahssscy, the KRW1 stablecoin is now live on BNB Chain, while its regulatory status in the relevant jurisdiction remains pending final confirmation, source: @Sarahssscy on X, Dec 12, 2025. According to @BDACSKorea, the expansion to BNB Chain makes KRW1 more accessible for everyday payment flows, trading, and Web3 applications, source: @BDACSKorea on X, Dec 12, 2025. According to @BDACSKorea, the rollout is a major step in BDACS’s multi-chain roadmap and enables KRW-based utility across the BNB ecosystem that traders can use for won-denominated on-chain activity, source: @BDACSKorea on X, Dec 12, 2025. According to @Sarahssscy, support for innovation is tied to proper compliance, and with final regulatory confirmation pending, market participants should monitor approval updates before scaling KRW1-based flows, source: @Sarahssscy on X, Dec 12, 2025.

According to the source, South Korea’s BDACS is teaming up with Circle to launch a Korean won–backed stablecoin called KRW1. The source did not disclose a launch date, blockchain network, reserve attestation framework, licensing, or planned exchange listings, leaving near-term trading venues, liquidity depth, and on/off-ramp mechanics unconfirmed, according to the source.

According to the source, BDACS has launched KRW1, described as the first Korean won–backed stablecoin on Avalanche (AVAX), with BDACS stating full collateralization in KRW held at Woori Bank following a completed proof-of-concept validation (source: BDACS). For trading, the introduction of a KRW stablecoin on AVAX creates a direct KRW on-chain rail that can influence liquidity and pricing across KRW1, major USD stablecoins, and AVAX pairs; traders should monitor KRW1 mint/burn activity, Woori Bank custody attestations, and emerging spreads on Avalanche DEX pools as data becomes available (sources: BDACS; Avalanche public on-chain data). Risk management should prioritize verification of redemption mechanics, collateral reporting cadence, and any South Korea–specific usage constraints before deploying capital (sources: BDACS; Woori Bank).