Binance KRW (BKRW)
A KRW Collateralized Stablecoin Backed By Fiat Reserves.- Binance KRW (BKRW) is a token issued by Binance Korea with a price pegged to the Korean Won at a 1:1 rate.
- BKRW is issued in partnership with BxB, Inc. of South Korea and is 100% backed by the same amount of KRW in a bank account at all times.
- BKRW is issued on Binance Chain as a BEP-2 token and is available on multiple exchanges like Binance.com and Binance.kr.
- Binance KR itself uses Binance Cloud to directly cater towards Korean users, yet leverage core functionality of the Binance exchange, such as its matching engine and shared liquidity.