Hassan Maishera
On Wednesday, Aptos Labs announced via X that KRW1, the world's first KRW-pegged stablecoin, is coming to Aptos.
BDACS is deploying KRW1 on Aptos—its first non-EVM chain—putting the won on rails built for markets and machines: payments, remittances, and RWA tokenization at full-stack performance.
The two companies plan to actively utilize the domestic and international payment rails and partnership networks established by Aptos to expand practical use cases for ‘KRW1’.
The strategy includes building an on-chain commerce environment where stablecoins are transparently used in the real economy, through payment integrations with large-scale mobile gifting services and the integration of blockchain wallet infrastructure.
Aptos is a scalable layer-1 blockchain based on the Move programming language. APT is the project's native token.
Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers.
Aptos’s vision is a blockchain that brings mainstream adoption to web3 and empowers an ecosystem of DApps to solve real-world user problems.
The PoS blockchain can achieve a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.
In March 2022, Aptos raised $200 million in a seed round led by the venture capital firm Andreessen Horowitz (a16z). Other crypto heavyweights like Tiger Global and Multicoin Capital took part in the funding round.
Fast forward to July, the startup raised another $200 million in a Series A round with participation from Dragonfly, Apollo Global, Franklin Templeton, Animoca, Jump Crypto, and others.
APT is down 6.1%, trading at $1.03 per coin. For a start, the Aptos team claims that its network can process over 150,000 tps. By comparison, Ethereum’s mainnet TPS is around 12 to 15.
This high transaction throughput is enabled by a parallel execution engine (Block-STM)—a Byzantine fault-tolerant (BFT) PoS consensus mechanism. For context, most blockchains execute transactions sequentially, which means that a single failed transaction or high demand on the network could hold up the entire chain.
