According to Mars Finance news, on August 6, the Korea Herald reported that the South Korean digital token developer and issuer fanC has partnered with local financial software company Initech to pilot a Korean won stablecoin, named KRWIN, which is pegged to the Korean won at a one-to-one ratio. 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 select internal membership and partner platforms for evaluation. Once officially launched, KRWIN is expected to be used in payment, global remittance, tourism, and other fields. Last month, fanC submitted a trademark application for KRWIN and its related technologies to the Korean Intellectual Property Office.