Techub News reports that, according to the Korea Herald, South Korean digital currency developer and issuer fanC has partnered with local financial software company Initech to pilot a Korean won stablecoin named KRWIN, which is pegged 1:1 to the Korean won. This is the first digital asset issued by a private entity that is based on the Korean won and has potential applications in the real economy. fanC stated that this issuance is a demonstration version aimed at testing the technical feasibility of KRWIN, including transferability and practical applications. The issuance will be limited to a selected group of internal members and partner platforms for evaluation. Once officially launched, KRWIN is expected to be used in areas such as payments, global remittances, and tourism. Last month, fanC submitted a trademark application for KRWIN and its related technology to the Korean Intellectual Property Office.