BDACS, a digital asset infrastructure firm, announced plans to issue a Korean won stablecoin, 'KRW1,' on Circle's Arc blockchain. The announcement, made on October 29, 2025, follows the signing of a memorandum of understanding with Circle to establish a collaborative framework for the project. BDACS had previously completed trademark registration for 'KRW1' in December 2023, paving the way for this new development.