BDACS has integrated LayerZero's Omnichain Fungible Token (OFT) standard to enable seamless cross-chain transfers of its KRW1 stablecoin, backed 1:1 by Korean won held at Woori Bank. This upgrade unifies KRW1's supply across multiple blockchains, including Ethereum, Avalanche, and Circle's Arc, reducing friction in token movement and expanding its usability beyond South Korea. LayerZero's OFT technology, already used by major stablecoins like USDT and PayPal USD, facilitates $280 billion in transfers across 170+ blockchains, providing BDACS with a scalable, interoperable framework. This move aligns with South Korea's evolving regulatory environment for won stablecoins and supports BDACS's goal to grow KRW1's global reach and utility.
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