ChainCatcher reports that LayerZero has announced that South Korea’s digital asset custodian, BDACS, has adopted LayerZero Labs’ OFT (Omnichain Fungible Token) standard for the Korean won-backed stablecoin KRW1, enabling native cross-chain interoperability. LayerZero stated that KRW1 is now the first Korean won stablecoin capable of native transfers across major DeFi ecosystems, allowing its supply to move seamlessly across networks without the need for wrapped tokens and avoiding liquidity fragmentation.
KRW1 Stablecoin Integrates LayerZero for Cross-Chain Interoperability
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Summary
On-chain news reports that LayerZero announced South Korean digital asset custodian BDACS has adopted LayerZero Labs' OFT standard for the KRW1 stablecoin, enabling cross-chain interoperability. KRW1 is now the first Korean won-backed stablecoin to natively transfer between major DeFi ecosystems. This integration allows seamless asset movement across networks without wrapped tokens or liquidity fragmentation. Digital asset news highlights the move as a key step in KRW1’s expansion.
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