South Korea-based fintech firm BxB Inc. has launched the first supposed stablecoin backed by the Korean won, according to a press release shared with Cointelegraph on Jan 29.

There was an initial beta soft launch of the coin on Airswap, a decentralized exchange platform, before the tokens were released on the global and Korean exchange, according to a Medium blog post by the co-Founder of BxB Inc, Alex Friedberg, earlier this month.

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