Injective partners with BDACS to bring Korean won stablecoin to RWA ecosystem
Injective has signed a memorandum of understanding with BDACS to integrate the KRW1 stablecoin as the exclusive Korean won-denominated settlement asset for real-world assets on the Injective network. This partnership aims to bypass the traditional reliance on U.S. dollar-denominated stablecoins, which currently account for over 98% of the global stablecoin market. By enabling native won settlement, the collaboration seeks to capture demand from South Korean institutional investors who have historically moved capital to overseas platforms. Data indicates that South Korea's top five crypto exchanges have seen $10.4 billion in net stablecoin outflows over the past 18 months. The initiative aligns with the South Korean government's pending Digital Asset Basic Act, which is expected to provide a formal regulatory framework for won-pegged stablecoins. Injective, which has already processed over $7.5 billion in RWA volume, intends to use this infrastructure to support local corporations like POSCO International and LG CNS. This move represents a strategic effort to localize onchain financial infrastructure within the South Korean market as regulatory clarity improves.