BDACS plans to Join Circle’s Arc Layer 1 Blockchain as Stablecoin Partner

BDACS plans to issue KRW1 on Arc, Circle’s Layer-1 blockchain

BDACS and Circle to pilot onchain KRW1–USDC transactions and collaborate on establishing global stablecoin standards

SEOUL, South Korea (October 29, 2025) – BDACS, South Korea’s leading regulated digital asset infrastructure provider, has entered into a Memorandum of Understanding with Circle, the global fintech firm behind USDC, to bring KRW1, a fully backed Korean won stablecoin, to Arc, Circle’s newly launched Layer 1 blockchain – now in public testnet.

This collaboration marks a significant step in connecting Korea’s regulated financial ecosystem to the global digital asset economy.

BDACS plans to KRW1 on Arc, joining Circle’s growing network of trusted partners and becoming the first Korea-based issuer on the Arc blockchain.

“This is a major milestone in bringing Korean innovation to the global stage,” said Harry Ryoo, CEO of BDACS. “By deploying KRW1 on Arc, we’re building a gateway for Korean institutions and businesses to participate in a trusted, global stablecoin network.”

Through this collaboration, BDACS is further positioning Korea as a digital finance hub — integrating local regulatory strength with global blockchain infrastructure to accelerate adoption across payments, tokenized assets, and onchain capital markets.

Frequently Asked Questions (FAQ)

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What is BDACS's role in Circle's Arc blockchain?

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BDACS has been selected as a stablecoin partner to issue KRW1 on Circle's new Layer 1 blockchain Arc, becoming the first Korea-based issuer on the Arc network.

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What is Circle's Arc blockchain?

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Arc is Circle's newly launched Layer 1 blockchain designed to provide global digital asset payment and settlement infrastructure, built around USDC.

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How will KRW1 and USDC interact on Arc?

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BDACS will pilot onchain KRW1-USDC transactions on Arc, building real-time currency exchange infrastructure between Korean won and US dollar stablecoins.

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What does this mean for Korean businesses?

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Korean companies gain access to a trusted, regulated global stablecoin network, enabling participation in cross-border digital finance.

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What is BDACS's global stablecoin strategy?

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BDACS combines regulatory frameworks with global blockchain infrastructure to drive digital finance innovation across payments, tokenized assets, and on-chain capital markets.

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