According to LayerZero, South Korean digital asset custody institution BDACS has adopted LayerZero's OFT standard for its Korean won stablecoin, KRW1, to enable unified multi-chain issuance and cross-chain transfers. When KRW1 is transferred cross-chain, it will be deducted from the source chain and minted on the target chain, avoiding the creation of fragmented wrapped assets across different chains. Users can complete transfers via Stargate. LayerZero stated that the OFT standard is also used by stablecoins like USDT0, PYUSD, and USDG. KRW1 is issued by BDACS and is backed 1:1 by Korean won reserves held by Woori Bank. https://(wublock123.com)/news/news-67983