🔥 The Korean Won Officially Goes On-Chain: @injective, in partnership with @BDACSKorea, launches KRW1 📌 Key Highlights: ▪️ KRW1 is South Korea’s first won-backed stablecoin, issued by BDACS, with reserves held by a major South Korean bank ▪️ Background According to Injective, South Korea’s major exchanges have experienced a net outflow of stablecoins to overseas platforms for 18 consecutive months, totaling approximately $10.4 billion. The on-chain market remains predominantly dollar-denominated, creating a capital outflow gap ▪️ Ecosystem Foundation POSCO International and LG CNS have selected Injective to issue and settle trade receivables ▪️ Data Injective has processed over $7.5 billion in RWA transactions to date, with over $1 billion in tokenized assets issued on-chain. Next, Injective plans to build the largest on-chain market for tokenized foreign exchange and RWA assets. Won-based settlement could become the next layer of infrastructure for institutional entry. #Injective #KRW1 #KRWStablecoin #RWA