PANews
PANews|Oct 20, 2026 14:07
[Injective Designates KRW-Pegged Stablecoin KRW1 as the Sole Korean Won Settlement Asset for RWA and Tokenization Activities] According to The Block, Injective has signed a memorandum of understanding with BDACS, designating the Korean won-pegged stablecoin 'KRW1,' launched by BDACS, as the sole Korean won settlement asset for RWA and tokenization activities on the Injective network. This collaboration aims to enable tokenized assets to be directly traded and settled in Korean won on the Injective network, eliminating the need for intermediary transactions via USD stablecoins. The minting and redemption of KRW1 will be restricted to approved institutional partners and must comply with regulatory requirements.
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