Stablecoin information
KRW1 is a Korean won-denominated stablecoin issued by BDACS and backed 1:1 by Korean won reserves held in segregated bank accounts.
Category:fiat-backed
Minting and Redemption
BDACS mints KRW1 after receiving Korean won into segregated bank accounts and burns tokens when users redeem them for won through its compliance-controlled service.
Audits:No
Stablecoins usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | >-0.0001% | >-0.0001% | +5.40% | 13.67m |