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Seoul's Won-Pegged Stablecoin Rides Aptos Rails as BDACS Pact Targets Payment Corridors HONG KONG — A memorandum signed this week between Seoul-based digital asset custodian BDACS and the Aptos Foundation pushes the won-denominated stablecoin KRW1 onto a Layer 1 network engineered for high-throughput settlement, a step regional dealers are reading as the clearest signal yet that Korea's regulated crypto stack is preparing for cross-border payment flows rather than another speculative cycle.
The agreement, first reported by Yonhap, tasks the two sides with broadening infrastructure around KRW1 and tying it into Aptos's domestic and overseas payment partners.
APT changed hands little-moved in Asia hours, but the strategic read carries weight: Korean retail crypto activity remains among the deepest in the Asia-Pacific, and a fiat-pegged token issued by a licensed custodian gives Seoul's exchanges a settlement primitive they have lacked since the collapse of unbacked algorithmic designs.
For Hong Kong and Singapore desks tracking the region's stablecoin race, the move arrives at a charged moment.
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