Deep Tide TechFlow News, on August 6, according to the Korea Herald, South Korean blockchain company fanC collaborated with local financial software company Initech to launch a test version of the KRW-pegged stablecoin KRWIN on August 5.

KRWIN adopts a 1:1 KRW pegging mechanism and is the first digital asset in South Korea issued by a private entity for use in the real economy. This release is a technical feasibility test, limited to internal members and partner platforms. After the official release, KRWIN is expected to be applied in areas such as payments, global remittances, and travel.