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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.
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AVAXAVAX-6.39%
RAINRAIN-2.08%
VV+0.08%


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InvertedPyramid
2 hours ago
With Rain’s integration, KRW1’s circulation use cases are fully unlocked. Looking forward to more fiat pairs going live.
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TimeStop
2 hours ago
AVAX’s move is a brilliant one—stablecoins + payment networks are the real path to practical adoption.
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Max21Drawdown
2 hours ago
Finally, you can pay directly in Korean won with Visa—no need to exchange currency when traveling to South Korea for business. So convenient.
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ReverseCircuitBreaker
3 hours ago
Korean users are ecstatic, but whether fees and slippage can be brought down is the key.
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BiasFixer
3 hours ago
First Review
Avalanche is being far more pragmatic about payments than some L1s, but its regulatory compliance will need close monitoring going forward.
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