AI TRENDS | BDACS Adopts LayerZero OFT Standard for KRW1 Stablecoin

LayerZero said South Korean digital asset custodian BDACS has selected its OFT standard for the Korean won stablecoin KRW1, with Stargate handling execution. According to Foresight News, BDACS Chief Executive Harry Ryoo said the value of a Korean won stablecoin lies in its global scalability. Ryoo said KRW1 uses OFT technology to enable more flexible use across multiple blockchains. He added that BDACS will continue expanding KRW1's use cases.