Avalanche-Backed KRW1 Stablecoin Goes Global with Rain Integration

The Avalanche-backed KRW1 stablecoin has expanded won payments globally through its integration with Rain's payment network. This partnership allows Korean businesses and users to spend their won abroad without converting funds beforehand.

Rain will add KRW1 to its payment network, linking the stablecoin with card-based spending in international markets. The system keeps transactions denominated in Korean won while Rain provides the payment layer for card use across international payment and service channels.

This integration connects tokenized won with card payments across more than 175 million Visa merchant outlets worldwide. Businesses can now use KRW1 for expenses, travel, student payments, and contractor transactions outside South Korea.