What role does KRW1 play on Circle Arc?

KRW1, the Korean won stablecoin issued by BDACS, has been selected as the only Korean won stablecoin issuer on Circle Arc, timed to the launch of the Arc mainnet. This adds Arc to the multi-chain lineup KRW1 already supports.

Arc is a Layer 1 blockchain newly introduced by Circle. It is designed as open financial infrastructure that both institutions and individuals can use. Arc moved to public mainnet on September 16, 2026, launching lending, foreign exchange, tokenized assets and stablecoin payment services at the same time.

When did KRW1 become available on Arc?

KRW1 completed its integration in line with the Arc mainnet transition and began live service at that point.

How does BDACS approach Korean stablecoin regulation?

BDACS plans to advance KRW1 issuance and related services in stages, in step with how Korean stablecoin laws and regulatory frameworks develop.

KRW1 is Live on Arc: BDACS Becomes the First Korean Stablecoin Issuer on Arc

Q: How will KRW1 expand on Arc?

BDACS plans to progressively expand foreign exchange services built on KRW1 in connection with Circle StableFX. The aim is to deliver on-chain foreign exchange between the Korean won and global stablecoins, and to create an environment where Korean companies and institutions can use won liquidity efficiently within the Arc ecosystem.

Q: What is BDACS hosting at Korea Blockchain Week 2026?

BDACS is co-hosting Bridging Finance Onchain, a Korea Blockchain Week 2026 side event, together with Circle, Kyobo Life Insurance and SBI Holdings on October 1. The event follows on from the partnership established around the Arc mainnet launch.

KRW1 is Live on Arc: BDACS Becomes the First Korean Stablecoin Issuer on Arc

Arc, an open Layer 1 blockchain, launches on public mainnet on September 16.
BDACS integrates KRW1 on Arc, making BDACS the first Korean stablecoin issuer on the network.
BDACS, Circle, Kyobo Life Insurance, and SBI Holdings co-host the “Bridging Finance Onchain” KBW 2026 side event on October 1.

BDACS announced that KRW1 is now live on Arc mainnet as the first South Korean stablecoin on the network. This integration accelerates BDACS’ multichain strategy for the won-pegged stablecoin.

Arc was designed as an open financial infrastructure for institutional and retail users. The mainnet rollout unlocks onchain lending, stablecoin FX, tokenized assets, and stablecoin payments. Coinciding with this launch, KRW1 completed its integration and began live operations.

BDACS plans to expand KRW1-based FX services by leveraging Circle’s StableFX capabilities. This enables fully onchain foreign exchange between the Korean won and global stablecoins. It empowers domestic enterprises and institutions to efficiently tap into KRW liquidity across the Arc ecosystem.

“Seeing our work on Arc evolve from a testnet last year into a commercialized deployment is a major milestone,” said Harry Ryoo, CEO of BDACS. “As the first Korean won stablecoin issuer on Arc, we will expand KRW1 utility into onchain FX services and strengthen the global competitiveness of won-backed digital assets.”

Following the launch of KRW1 on Arc, BDACS will co-host the “Bridging Finance Onchain” on the sidelines of Korea Blockchain Week (KBW) 2026 with Circle, Kyobo Life Insurance, and SBI Holdings on October 1. The event gathers digital asset leaders to explore the future of stablecoins and onchain financial infrastructure.

Disclaimers:

Arc is an open L1 blockchain launched by Arc Network Services LLC (“Arc LLC”) and operated by a permissioned validator set. Arc LLC provides software services only and does not offer regulated financial or advisory services. Arc has not been reviewed or approved by the New York State Department of Financial Services or any other regulatory authority.

The Arc network is provided “as is” and “as available.” Use of Arc involves inherent risks associated with blockchain technology, including smart contract vulnerabilities, network disruptions, and the absence of recourse for transaction errors or losses. The ability to transact on Arc depends on the ability to obtain and use USDC to pay gas fees. Neither Arc LLC nor any permissioned validator is responsible for the content, accuracy, legality, or functionality of third-party applications, protocols, or services built on or integrated with Arc. You are solely responsible for features or services you provide to users, including obtaining any necessary licenses or approvals and otherwise complying with applicable laws.

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