PANews|Sep 08, 2026 04:45
[KRW1, the South Korean Won Stablecoin, Integrates with LayerZero for Cross-Chain Functionality]
LayerZero announced that BDACS, a South Korean digital asset custody institution, has adopted LayerZero Labs' OFT (Omnichain Fungible Token) standard for the KRW1 stablecoin backed by the Korean Won, enabling native cross-chain interoperability. LayerZero stated that KRW1 has thus become the first Korean Won stablecoin capable of native transfers across major DeFi ecosystems. Its supply can flow seamlessly across networks without the need for wrapped tokens, avoiding liquidity fragmentation.
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