Aptos will launch the first Korean won stablecoin KRW1, promoting the on-chain payment layout in South Korea

Aptos Labs announced that the world's first stablecoin pegged to the Korean won, KRW1, will be launched on the Aptos network. This stablecoin was chosen by BDACS Korea to be issued on Aptos, aiming to promote on-chain payments and digital business applications in Korea and the broader market.

Aptos stated that the choice of its infrastructure for issuance is based on its full-stack blockchain capabilities oriented towards "market and machine," designed to support cross-border and local on-chain business scenarios.