Aptos will launch the first Korean won stablecoin, KRW1, to promote the development of on-chain payments in South Korea.

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Mars Finance reported on May 16th that Aptos Labs announced the launch of KRW1, the world's first stablecoin pegged to the Korean Won, on the Aptos network. BDACS Korea chose Aptos for its issuance, aiming to promote on-chain payments and digital commerce applications in South Korea and the wider market. Aptos stated that it selected Aptos as its issuance infrastructure based on its full-stack blockchain capabilities geared towards "markets and machines," supporting cross-border and local on-chain business scenarios.

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