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BDACS CSO Kim Tak-jong says won stablecoin should target payment areas previously hard to reach

Digital asset infrastructure company BDACS held a Korea Blockchain Week 2026 side event with Circle, Kyobo Life Insurance and SBI Holdings. Participants from financial institutions and the digital asset industry discussed directions for developing stablecoin-based financial infrastructure. BDACS presented use cases for a won stablecoin and demonstrated an onchain exchange of KRW1 and USDC in a testnet environment using Circle’s StableFX program.

Crypto

LayerZero applies OFT to BDACS won stablecoin KRW1 to support multichain use

LayerZero, a global blockchain interoperability infrastructure company, said on Sept. 8 it will support its Omnichain Fungible Token (OFT) technology for KRW1, a won-pegged stablecoin issued by digital asset infrastructure firm BDACS. LayerZero said the OFT 적용 will allow KRW1 to move and be used as the same asset across multiple networks rather than being limited to a specific blockchain. It also outlined plans to expand into financial market infrastructure.

Crypto

Singapore, Hong Kong, Japan emerge as test beds for stablecoin payment networks

Asia is emerging as the first large-scale testing ground for stablecoin payment and settlement networks. Singapore, Hong Kong and Japan are building regulatory zones that allow stablecoins for payments and settlement under supervision. Singapore has included firms such as Circle and Coinbase as major payment institutions. Hong Kong has started licensing fiat-backed stablecoin issuers and granted its first licences. Japan has expanded its crypto travel rule requirements for transfers.