LayerZero announced that South Korean digital asset custodian BDACS has adopted its OFT standard for the KRW-pegged stablecoin KRW1, enabling native cross-chain interoperability. KRW1 becomes the first won stablecoin that can be transferred across major DeFi ecosystems without wrapped tokens, avoiding liquidity fragmentation.
LayerZero has announced that BDACS, a South Korean digital asset custodian, has adopted the OFT (Omnichain Fungible Token) standard for the KRW-backed stablecoin KRW1. This enables native cross-chain interoperability.
According to LayerZero, KRW1 becomes the first Korean won stablecoin that can be transferred natively across major DeFi ecosystems. Its supply can flow across networks without the need for wrapped tokens, thus avoiding liquidity fragmentation.
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