Crypto
KRW1 Onchain Stablecoin Launches on Avalanche
A partnership between BDACS and Rain is bringing Korean won into global payments through a new onchain stablecoin, KRW1. Issued by BDACS on Avalanche, KRW1 allows users to make card purchases without pre-funding or converting the stablecoin into another one.
The bigger question is what this means for AVAX price, which has been rising since late June after finding support around $6 and has now reached a key level at $7. If buyers defend that level, the next upside targets are $10 and $15.