BDACS Chooses LayerZero for Cross-Chain Expansion of Won-Backed Stablecoin

BDACS, South Korea's largest digital asset custodian by assets under custody, has chosen LayerZero's Omnichain Fungible Token (OFT) standard for its KRW1 stablecoin. This move will enable a unified cross-chain system, allowing the won-backed asset to expand beyond South Korea and support more flexible use across multiple blockchains.

The KRW1 stablecoin was initially launched on Avalanche in September 2025 after completing a proof of concept with Woori Bank. It has since been deployed on other networks, including Circle's Arc and Polygon. However, the separate deployments created friction when moving the stablecoin between networks, limiting its distribution and utility.

LayerZero's OFT standard will give BDACS a common framework for managing KRW1 across networks instead of maintaining disconnected token supplies as more chains are added. This will also reduce costs associated with maintaining separate liquidity pools and enable seamless transfers between connected chains.