The Korean won stablecoin KRW1 issued by BDACS has been launched on Avalanche and will be integrated into the Visa payment network through the infrastructure provided by Rain. As Korean won assets enter the on-chain payment scenario, the market is beginning to pay attention to whether this collaboration will bring more stablecoin traffic and user activity to Avalanche.

KRW1 Connects to the Global Payment Network

According to the disclosure, KRW1 is supported 1:1 by Korean won reserves, which are managed by BDACS and subject to independent reserve verification. Rain is responsible for the issuance of Visa cards, project management, as well as the on-chain settlement infrastructure.

This means that users can directly use KRW1 to complete Visa card consumption without the need for pre-recharging, nor is there a requirement to exchange KRW1 for other stablecoins or manually convert it back to fiat currency first. Partners state that this payment capability covers over 200 countries and regions, including more than 175 million merchants.

Use cases are directed towards cross-border payments.

This arrangement is not only aimed at encrypted transactions themselves, but also includes cross-border scenarios that are closer to everyday expenses. The areas mentioned in the article include overseas travel, study abroad expenses, payments for creators, and corporate business trips.

For Avalanche, if KRW1 is subsequently expanded, the new demand for stablecoin settlement and payment may remain on the chain, thereby driving network transactions and financial activities. The focus of market attention has also shifted from single-token issuance to whether it can achieve sustained usage.

The market is paying attention to the activity level of AVAX on the chain.

It is also mentioned in the original text that stablecoins typically bring payment, trading, and investment demands into the crypto market. Therefore, if KRW1 utilizes the Visa network to expand its circulation, Avalanche may undertake more related activities. This is also one of the main reasons why investors are currently observing AVAX.

However, the judgment of the subsequent price range for AVAX in the text mainly comes from technical analysis and lacks new factual information. As for the event itself, the more direct impact still lies in whether Avalanche can leverage the Korean won-stabilized coin to open up new payment channels and attract more real-world usage scenarios.