CoinScoopSouth Korean KRW-backed stablecoin KRW1 integrates LayerZero for cross-chain interoperability
LayerZero announced that the South Korean digital asset custodian BDACS has adopted the OFT (Omnichain Fungible Token) standard for its KRW-backed stablecoin, KRW1. This integration allows KRW1 to be the first KRW stablecoin to natively transfer across major DeFi ecosystems without the need for wrapped tokens, preventing liquidity fragmentation.
Summaries are written by AI from the original article. Not investment advice.