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Sjuul Follings: Korean won-backed stablecoin KRW1 to be issued on Injective by BDACS Korea

Sjuul Follings: Korean won-backed stablecoin KRW1 to be issued on Injective by BDACS Korea
Korean won stablecoin KRW1 launched on Injective

A new Korean won-backed stablecoin called KRW1 will be issued on Injective by BDACS Korea, with reserves held at a major Korean bank. Sjuul Follings said that this development will provide South Korea's population of over 51 million people with access to the new stablecoin.

Sjuul Follings has previously highlighted developments in crypto adoption. He suggested that U.S. iPhone users consider switching to Galaxy, noting that Samsung Wallet supports USDC payments with zero gas fees. In a separate update, he reported increased buying of Robinhood and Prologue tokens after a price dip.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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