According to the source, BDACS has launched KRW1, described as the first Korean won–backed stablecoin on Avalanche (AVAX), with BDACS stating full collateralization in KRW held at Woori Bank following a completed proof-of-concept validation (source: BDACS). For trading, the introduction of a KRW stablecoin on AVAX creates a direct KRW on-chain rail that can influence liquidity and pricing across KRW1, major USD stablecoins, and AVAX pairs; traders should monitor KRW1 mint/burn activity, Woori Bank custody attestations, and emerging spreads on Avalanche DEX pools as data becomes available (sources: BDACS; Avalanche public on-chain data). Risk management should prioritize verification of redemption mechanics, collateral reporting cadence, and any South Korea–specific usage constraints before deploying capital (sources: BDACS; Woori Bank).