Search results for KRW1
AI & Enterprise
BDACS, Aptos team up to expand onchain won stablecoin commerce
Digital asset infrastructure firm BDACS said on May 13 it will work with layer-1 blockchain platform Aptos to expand the ecosystem for its won stablecoin, KRW1, and cooperate on infrastructure. The partnership focuses on extending KRW1 to the Aptos network and widening use cases using Aptos payment rails and partner networks. Plans include linking with mobile voucher services, payments and wallet infrastructure to build transparent onchain commerce for real-economy use.
Crypto
Bitwise lists BAVA Avalanche spot ETF on NYSE, offers 5.4 percent staking rewards
Asset manager Bitwise has listed a spot Avalanche (AVAX) exchange-traded fund, the Bitwise Avalanche ETF, on the New York Stock Exchange. The fund trades under the ticker BAVA and is structured to provide staking rewards using the AVAX it holds. Bitwise put the average Avalanche staking reward at 5.4 percent a year and plans to stake the fund’s holdings through its in-house staking unit, Bitwise Onchain Solutions.
Crypto
Circle CEO says it is watching South Korea stablecoin market, would consider entering if rules open
U.S. stablecoin company Circle has rated South Korea as a key hub in the global digital asset market and has formalised the possibility of expanding business in line with domestic regulatory developments. Co-founder and CEO Jeremy Allaire said Circle is closely watching South Korean discussions on digital asset and stablecoin legislation. He said the company is reviewing a suitable local business structure and would seriously evaluate operating formally under regulation if a legal path is 마련ed for foreign-issued stablecoin operators.
