KRW1 Stablecoin Expands Global Payments With Rain and Visa

South Korea's KRW1 Stablecoin Becomes Spendable at 175 Million Visa Merchants

BDACS has launched KRW1, a Korean won stablecoin backed 1:1 by reserves at Woori Bank, and payments firm Rain just made it spendable at 175 million Visa merchant locations worldwide. The catch: South Korea hasn't yet passed the law meant to govern won-denominated stablecoins, and BDACS is already drawing criticism for how it describes its own legal footing.

South Korea’s KRW1 targets 200 countries via Visa – Can won backed stablecoin scale?

KRW1 is expanding the Korean won onto blockchain and global payment rails through Avalanche, Woori Bank, and Visa.

Rain Adds Korean Won Support for Stablecoin-Powered Payments

Crypto payment infrastructure company Rain announced on September 15, 2026 that it had added support for KRW1, a Korean won-pegged stablecoin issued by South Korean ...

KRW1 Stablecoin Targets 175M Visa Merchants Through Rain

KRW1 Stablecoin is moving toward payments after BDACS partnered with Rain to connect the won-backed asset to Visa’s network. The initiative could let users spend KRW1 across more than 175 million Visa merchant locations.

Avalanche-Backed KRW1 Stablecoin Expands Won Payments Globally With Rain

KRW1, an Avalanche-backed won stablecoin, is being added to Rain’s global payments network, enabling won-denominated spending across Visa’s international merchant footprint.