Kamenitza (RIP) 🪦

In honor of KBW this week, highlighting the latest and greatest coming out of South Korea happening on @avax 🇰🇷🔺 - @BDACSKorea which is a South Korean digital asset custodian, launched the first Korean won-backed stablecoin called KRW1. The stablecoin is fully collateralized with won deposits at @wooribank. Corporations, institutions, and the public sector will utilize KRW1 as a low-cost payment and settlement layer. - @titan_content powers K-pop artists and content with Web3 innovation, is building an Avalanche L1 called TITAN, powered by @AvaCloud, to power their new application called 2GATHR. Avalanche will run seamlessly in the background and abstract away crypto complexities while powering the powerhouse that is delivered to the artists, fans, and creators including authenticity and verifiable ownership. - @WeBlock_RWA provides real estate tokenization and stablecoin infrastructure services, will develop an Avalanche L1 to power their backend and provide these services in a regulatory-friendly architecture. - Danal Fintech, which powers @payprotocol, is building a Korean won stablecoin settlement network on Avalanche to optimize it's payments application serving 3m+ users. This network will serve as a regulatory compliance model for the entire country, and will later serve government pilot programs. - @inexkr, a regulated exchange in South Korea, is partnering with Avalanche to build a stablecoin payment and settlement infrastructure. Through this partnership, Avalanche will power major payment gateways in South Korea to merchants and customers, while following regulations and building the framework for the rest to follow. - @UMFKorea ULTRA KOREA issued VVIP tickets on C-Chain to protect against scalpers and fraud, purchasable with stablecoins ensuring a fast, secure, and seamless experience for festival-goers. Avalanche is global, Avalanche is inevitable. 🌏🔺