Search results for Korean won
Crypto
XRP surge may hinge on bank demand, not retail buying
XRP could be repriced by institutions\' liquidity needs rather than individual investors\' speculative demand, a claim said. XRP has fallen more than 2 percent this month and over 27 percent since the start of the year. A commentator said banks would source XRP liquidity for large payments instead of hoarding it, and that higher prices could deepen liquidity and cut slippage. The article also notes there is no guarantee such a scenario will unfold.
Crypto
Hashed Open Finance unveils Maroo testnet for KRW stablecoin blockchain
Hashed Open Finance, a unit of Web3 venture capital firm Hashed, has unveiled the first testnet for Maroo, a sovereign layer 1 blockchain aimed at supporting a Korean won stablecoin ecosystem. The company said Maroo is designed to retain public-chain openness while incorporating compliance, auditability and privacy protection from the outset. The testnet uses an OKRW token for fees and will test a dual-track model combining open and regulated transaction paths.
Crypto
BDACS expands KRW1 stablecoin to Plume mainnet
Digital asset custody firm BDACS said on Monday it has expanded its won-linked stablecoin KRW1 to Plume, a blockchain network specialising in real-world assets. BDACS said the integration will allow developers, financial institutions and asset issuers to secure won-based payments and liquidity in the Plume ecosystem. KRW1 is pegged 1:1 to the South Korean won and is fully collateralised by won assets deposited at major domestic commercial banks.
