Stablecoin development in South Korea has advanced with the launch of KRW1, a won-pegged token issued on the Avalanche blockchain. Summary BDACS has launched KRW1, a new South Korean won-pegged stablecoin issued on the Avalanche blockchain. Each KRW1 token is fully backed 1:1 with won held in escrow at Woori Bank, with real-time proof-of-reserves integration. …

Ondo Finance has launched USDY, a yield-bearing stablecoin backed by U.S. Treasuries and bank deposits, on the Stellar network, marking the first product of its kind available to Stellar users. Summary Backed by short-term U.S. Treasuries and bank demand deposits, USDY accrues daily yield while maintaining liquidity, allowing individuals, small businesses, and institutions to earn…

Curve Finance has proposed a new protocol called Yield Basis that would share revenue directly with CRV holders, marking a shift from one-off incentives to sustainable income. Summary Curve Finance has put forward a revenue-sharing protocol to give CRV holders sustainable income beyond emissions and fees. The plan would mint $60M in crvUSD to seed three Bitcoin…