---
title: "BDACS KRW1 (KRW1) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/krw1-bdacs/"
description: "Build-time stablecoin profile for BDACS KRW1 (KRW1). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# BDACS KRW1 (KRW1)

**Peg:** Korean Won

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** pre-launch

## Overview

BDACS/Woori KRW PoC on Avalanche with real-time banking-API reserve attestation; commercial gating awaits Korea's Digital Asset Basic Act. KRW1 is BDACS's KRW-backed stablecoin, developed with Woori Bank as the reserve custodian and launched on Avalanche in September 2025 — but in a proof-of-concept phase, not in public circulation. The structural advantages are real: real-time banking-API reserve attestation through Woori, KISA's endorsement of Avalanche for public-sector reliability, and a February 2026 Plume partnership that positions KRW1 as the Korean institutional settlement rail for tokenized RWAs (Plume hosts roughly $645M in tokenized assets). The commercial gating is Korea's still-pending Digital Asset Basic Act framework, where BDACS is explicitly trying to make KRW1 the technical standard. The strategic weakness is distribution — BDACS is a B2B custodian without a consumer app or retail footprint, which makes KRW1 likely to win on the institutional side and lose to bank-led or super-app issuers if Korea's eventual framework favours retail surfaces. Real-time banking-API {{term:attestation}}attestation{{/term}} runs through Woori Bank {{term:custody}}custody{{/term}}, with KRW1 positioning itself as the settlement rail for Korean institutional {{term:rwa}}RWA{{/term}} flows and {{term:redemption}}redemption{{/term}} routed through regulated banking channels.

## Collateral

1:1 South Korean won held in escrow at Woori Bank with real-time banking-API proof of reserves

## Peg Mechanism

Custodian-managed mint/redemption against KRW deposits at Woori Bank; KRW1 is a brand trademarked by BDACS (December 2023) and operated by BDACS as the regulated digital asset custodian

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| South Korea | FSC / FSS (Digital Asset Basic Act pending) | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| bsc | `0x8c2f2784cbab626846a53d20d8104ff42b3594c2` | 18 |

## Live Data

This is a pre-launch stablecoin profile. Live API data is not available until launch.