Injective partners with BDACS on won-backed stablecoin – Is $10 next for INJ?

Injective [INJ] announced a partnership with BDACS on the 20th of October to bring KRW1 to its ecosystem. The companies signed a memorandum of understanding (MOU) to develop won-denominated settlement for real-world assets (RWAs) and tokenization. Issued by BDACS, KRW1 is backed 1:1 by Korean won cash reserves held at a major Korean bank. The initiative could give Korean investors a local-currency route into tokenized markets. Institutional minting and redemption remain subject to regulatory approval. Why is Injective targeting Korean won settlement? The partnership expands Injective’s RWA ambitions in one of the most active digital asset markets. It also builds on the network’s work with POSCO International and LG CNS, alongside South Korea’s push for won-denominated stablecoins.

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