Injective and BDACS plan to use KRW1, a stablecoin backed by the South Korean won, to settle trades in tokenized assets. Cointelegraph reported the plan on October 20, 2026, in a story written by Sam Bourgi.
South Korea is still writing its rules for stablecoins tied to the local currency, and the plan comes before those rules are finished. The report does not say when the rules will be final or what they will require.
The report leaves several things open. It gives no launch date, does not say which tokenized assets would settle in KRW1, and includes no figures on volume or supply.
If you already hold a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The report does not mention perpetual futures or any of these four exchanges, and it does not say KRW1 will be accepted as margin. Funding rates, fees and liquidity on existing positions are not affected by this announcement as reported.
Source: cointelegraph — Injective, BDACS plan Korean won stablecoin settlement for tokenized assets