The partnership will develop as Korea’s regulatory framework evolves and specific use cases go live.
Another step towards bringing Korean financial markets onchain with @Injective.
Injective is adding something new to its RWA ecosystem: a way to settle tokenized assets in Korean won.
Through its partnership with @BDACSKorea, KRW1, a stablecoin backed 1:1 by the Korean won, is coming to Injective.
A Thread 🧵
Injective already has a foundation for this.
The network has processed over $7.5 billion in RWA volume, with more than $1 billion in tokenized assets issued. KRW1 adds a local-currency option to that growing market.
The partnership will develop as Korea’s regulatory framework evolves and specific use cases go live.
KRW1 minting and redemption will be limited to approved institutional partners, subject to regulatory approval.
Injective is adding something new to its RWA ecosystem: a way to settle tokenized assets in Korean won.
Through its partnership with @BDACSKorea, KRW1, a stablecoin backed 1:1 by the Korean won, is coming to Injective.
A Thread 🧵
🔥BREAKING: The Korean won is being tokenized on Injective.
Injective is bringing one of the world’s largest currencies onchain for our rapidly growing RWA ecosystem.
@BDACSKorea is issuing KRW1, Korea’s first won backed stablecoin, with reserves held at a major Korean bank.
Injective already has a foundation for this.
The network has processed over $7.5 billion in RWA volume, with more than $1 billion in tokenized assets issued. KRW1 adds a local-currency option to that growing market.
Injective’s weekly transactions are climbing again, and the latest data from @tokenterminal shows just how much the numbers have changed.
After months of decline, activity is picking up, with 14.5M transactions recorded in the week of September 28.
A Thread 🧵
With weekly transactions climbing back to 14.5M, @Injective is showing a change in momentum after months of decline.
Now the interesting part is seeing how far this recovery goes and whether activity keeps building from here.
$INJ
Injective’s weekly transactions are climbing again, and the latest data from @tokenterminal shows just how much the numbers have changed.
After months of decline, activity is picking up, with 14.5M transactions recorded in the week of September 28.
A Thread 🧵
Then came the week of September 28, when transactions reached 14.5M.
That’s a notable move from the June lows and it gives us something new to watch as activity across Injective picks up again.
Getting USDC onto @Injective is now more easier with @ChoiceXchange.
You can bridge USDC from Ethereum, Base, Solana, and 13 other chains without needing $INJ upfront.
A Thread 🧵
One less hurdle between USDC and the Injective ecosystem.
Bridge your funds, get gas covered through the added INJ option, and get ready to explore onchain markets.
👉:https://t.co/5022yUwvct.
Getting USDC onto @Injective is now more easier with @ChoiceXchange.
You can bridge USDC from Ethereum, Base, Solana, and 13 other chains without needing $INJ upfront.
A Thread 🧵
More USDC routes = Easier onboarding to Injective.
@ChoiceXchange has even taken it to the next level with a gassless option adding some $INJ to your bridge transaction.
Bridge in and start trading.
That removes the need to arrange a separate $INJ transfer before bridging, provided you use the gasless option as intended.
Your USDC gets bridged, and you can prepare for transactions in the same flow.