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Injective partners with BDACS to launch KRW1 stablecoin for Korean won tokenized settlements

Protocol Fundamentals
21 Oct 2026
AMBCrypto
View Source
Bullish
Injective partners with BDACS to launch KRW1 stablecoin for Korean won tokenized settlements

Injective and BDACS signed a memorandum of understanding to develop KRW1, a won-backed stablecoin, for settling tokenized real-world assets in Korean won. This partnership aims to provide Korean investors a local currency option for trading tokenized assets, reducing reliance on dollar-backed stablecoins and potentially curbing offshore outflows. Injective's growing Total Value Locked and stablecoin market cap indicate increased on-chain capital, supporting its expansion in tokenized asset markets. While the partnership boosts Injective's ecosystem, the potential rise of INJ token to $10 remains conditional on adoption and sustained market activity.

Injective's market cap stands at Rp15,69 trillion as of Oct 21, 2026 21:25 WIB, with a 24-hour trading volume of Rp2,98 trillion on Pluang. The INJ token price is Rp158.424, up 1.14% in the last day, reflecting steady investor interest despite a majority of sell orders at 69%. Typical hold time on Pluang is 38 days, indicating moderate-term engagement from traders amid the new partnership developments.

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