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South Korea launches its first “local” stablecoin.
BDACS is introducing KRW1 — a stablecoin backed by the South Korean won.
It will run on the Avalanche blockchain and become the country’s first stablecoin pegged to the local currency.
The assets backing the coin will be held at Woori Bank.
#SouthKorea #BDACS #KRW1 #CryptoNews
BDACS is introducing KRW1 — a stablecoin backed by the South Korean won.
It will run on the Avalanche blockchain and become the country’s first stablecoin pegged to the local currency.
The assets backing the coin will be held at Woori Bank.
#SouthKorea #BDACS #KRW1 #CryptoNews
South Korea takes steps with Stablecoin Won, solidifying its position in the Crypto market
The leading crypto custodian in South Korea, BDACS, has just announced the launch of a stablecoin backed by the won named #KRW1 on the Avalanche blockchain. Although this launch is still in the internal testing phase (PoC) and has not been publicly announced due to unclear legal regulations, it is still an extremely positive signal indicating the development of the crypto industry in South Korea.
Opening a new era
The development of a stablecoin pegged to the won is a breakthrough. It not only provides investors and crypto users in South Korea with a stable asset for trading and storing, but also serves as an important bridge between the traditional financial system and the decentralized finance (DeFi) world. This opens up possibilities for faster transactions, lower costs, and greater transparency. #Korea
Promoting legal clarity
Although the lack of a clear legal framework is a barrier, the move by #BDACS is a driving factor. The proactive approach of a reputable company in developing products will create pressure and a practical basis for lawmakers to consider and enact more appropriate regulations. This event affirms that South Korea is on track to become one of the leading crypto markets in Asia, with the participation of businesses in building a safe and reliable ecosystem.
The leading crypto custodian in South Korea, BDACS, has just announced the launch of a stablecoin backed by the won named #KRW1 on the Avalanche blockchain. Although this launch is still in the internal testing phase (PoC) and has not been publicly announced due to unclear legal regulations, it is still an extremely positive signal indicating the development of the crypto industry in South Korea.
Opening a new era
The development of a stablecoin pegged to the won is a breakthrough. It not only provides investors and crypto users in South Korea with a stable asset for trading and storing, but also serves as an important bridge between the traditional financial system and the decentralized finance (DeFi) world. This opens up possibilities for faster transactions, lower costs, and greater transparency. #Korea
Promoting legal clarity
Although the lack of a clear legal framework is a barrier, the move by #BDACS is a driving factor. The proactive approach of a reputable company in developing products will create pressure and a practical basis for lawmakers to consider and enact more appropriate regulations. This event affirms that South Korea is on track to become one of the leading crypto markets in Asia, with the participation of businesses in building a safe and reliable ecosystem.
Ripple Partners with BDACS: Promoting XRP and RLUSD Custody in South Korea
Ripple Labs has just announced a strategic partnership with BDACS, a digital asset custody unit in South Korea, to provide institutional-grade custody services for XRP, RLUSD, and other cryptocurrencies.
The integration of Ripple Custody by BDACS will ensure the safety of digital assets for financial institutions, helping to enhance trust in XRP and RLUSD in the region. Ripple's President, Ms. Monica Long, stated that South Korea is experiencing a strong wave of crypto acceptance from institutions, and this is an important step for Ripple to expand in APAC.
Ripple is also committed to complying with the regulations of the Financial Services Commission of South Korea (FSC), while BDACS CEO, Mr. Harry Ryoo, affirmed that this partnership will help strengthen the custody infrastructure and promote the development of the digital asset ecosystem.
Additionally, Ripple has announced a roadmap for DeFi development on the XRP Ledger, including a licensed decentralized exchange (DEX), a DeFi lending protocol, and a multi-purpose token standard. These moves are expected to expand the decentralized finance ecosystem, increasing the application of XRP in the global market.
#xrp #BDACS #defi #DEX
Ripple Labs has just announced a strategic partnership with BDACS, a digital asset custody unit in South Korea, to provide institutional-grade custody services for XRP, RLUSD, and other cryptocurrencies.
The integration of Ripple Custody by BDACS will ensure the safety of digital assets for financial institutions, helping to enhance trust in XRP and RLUSD in the region. Ripple's President, Ms. Monica Long, stated that South Korea is experiencing a strong wave of crypto acceptance from institutions, and this is an important step for Ripple to expand in APAC.
Ripple is also committed to complying with the regulations of the Financial Services Commission of South Korea (FSC), while BDACS CEO, Mr. Harry Ryoo, affirmed that this partnership will help strengthen the custody infrastructure and promote the development of the digital asset ecosystem.
Additionally, Ripple has announced a roadmap for DeFi development on the XRP Ledger, including a licensed decentralized exchange (DEX), a DeFi lending protocol, and a multi-purpose token standard. These moves are expected to expand the decentralized finance ecosystem, increasing the application of XRP in the global market.
#xrp #BDACS #defi #DEX
🚨 Big Win for Ripple (XRP)! 🚨
$XRP is now LIVE on BDACS – a Regulated Crypto Custodian in South Korea 🇰🇷
✅ Ripple’s partnership with BDACS is paying off!
✅ XRP support now active for institutional clients
✅ Real-world adoption is happening — not just hype!
📢 South Korea is one of Asia’s most active crypto markets, and now XRP is officially part of its institutional-grade infrastructure.
📈 This is just the beginning. Ripple’s expansion is going global — and $XRP is leading the charge.
💡 Don't ignore real utility. Don't miss the momentum.
#XRP #Ripple #CryptoNews #BDACS #CryptoAdoption
$XRP is now LIVE on BDACS – a Regulated Crypto Custodian in South Korea 🇰🇷
✅ Ripple’s partnership with BDACS is paying off!
✅ XRP support now active for institutional clients
✅ Real-world adoption is happening — not just hype!
📢 South Korea is one of Asia’s most active crypto markets, and now XRP is officially part of its institutional-grade infrastructure.
📈 This is just the beginning. Ripple’s expansion is going global — and $XRP is leading the charge.
💡 Don't ignore real utility. Don't miss the momentum.
#XRP #Ripple #CryptoNews #BDACS #CryptoAdoption
Ripple unveils a partnership with BDACS
#Ripple partners with #BDACS , a South Korean digital asset custody provider, to support institutional custody for $XRP and Ripple USD in South Korea. Through this partnership, BDACS will utilize Ripple Custody, which provides institutional-grade software infrastructure designed for crypto custodians, exchanges, OTC desks, and more, ensuring secure storage, management, and access to digital assets with bank-grade security.
By providing secure XRP and $RLUSD custody services for institutional investors, this partnership will cater to institutional investors while fostering the growth of #XRPL developers and its ecosystem. Additionally, it will expand the usability of Ripple’s stablecoin and capitalize on synergies with Busan, Korea’s blockchain regulation-free zone.
👉 ripple.com/ripple-press/bdacs-signs-digital-asset-custody-partnership-with-ripple/
#Ripple partners with #BDACS , a South Korean digital asset custody provider, to support institutional custody for $XRP and Ripple USD in South Korea. Through this partnership, BDACS will utilize Ripple Custody, which provides institutional-grade software infrastructure designed for crypto custodians, exchanges, OTC desks, and more, ensuring secure storage, management, and access to digital assets with bank-grade security.
By providing secure XRP and $RLUSD custody services for institutional investors, this partnership will cater to institutional investors while fostering the growth of #XRPL developers and its ecosystem. Additionally, it will expand the usability of Ripple’s stablecoin and capitalize on synergies with Busan, Korea’s blockchain regulation-free zone.
👉 ripple.com/ripple-press/bdacs-signs-digital-asset-custody-partnership-with-ripple/
🚀 BREAKING: Ripple’s XRP Just Got a Big Boost in Korea! 🇰🇷🔥 | Institutional Adoption Unlocked 📈
Big news for $XRP holders! 💥 Ripple’s partnership with BDACS, a major Korean crypto custodian, is now LIVE — and they’ve officially launched XRP custody for institutions! 🏦🔐
👉 What this means:
Now, banks, investment firms, and other big players in South Korea can safely hold and manage XRP — fully compliant with Korean regulations ✅
This move pushes XRP closer to global institutional use, making it stronger, more secure, and ready for massive real-world adoption. 🌍💼
💡 Why it matters to YOU:
More institutional use = more trust, more demand, and more potential for XRP’s price growth 📈🚀
Ripple is proving once again it’s not just a crypto — it’s building the future of finance.
🔊 Stay ready. XRP is leveling up.
#Xrp🔥🔥 #Ripple #CryptoKorea #InstitutionalCrypto #BDACS #CryptoNews #Web3 #BlockchainAdoption #DigitalAssets #CryptoCustody #XRPArmy
💸 $XLM $QNT
Big news for $XRP holders! 💥 Ripple’s partnership with BDACS, a major Korean crypto custodian, is now LIVE — and they’ve officially launched XRP custody for institutions! 🏦🔐
👉 What this means:
Now, banks, investment firms, and other big players in South Korea can safely hold and manage XRP — fully compliant with Korean regulations ✅
This move pushes XRP closer to global institutional use, making it stronger, more secure, and ready for massive real-world adoption. 🌍💼
💡 Why it matters to YOU:
More institutional use = more trust, more demand, and more potential for XRP’s price growth 📈🚀
Ripple is proving once again it’s not just a crypto — it’s building the future of finance.
🔊 Stay ready. XRP is leveling up.
#Xrp🔥🔥 #Ripple #CryptoKorea #InstitutionalCrypto #BDACS #CryptoNews #Web3 #BlockchainAdoption #DigitalAssets #CryptoCustody #XRPArmy
💸 $XLM $QNT
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