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% | 0% | 12.3m |