According to Odaily Planet Daily, Coindesk senior market reporter Sam Reynolds published an article on the X platform commenting on the Korean won stablecoin KRW 1, saying, "'Launch' means it's still in the proof-of-concept stage and is not circulated on exchanges or publicly available. In addition, when it is publicly available, it will only be used for domestic transactions. Even so, domestic transactions in South Korea are instant and almost free, so what's the point? Upbit and Bithumb both have deep Korean won liquidity, but no stablecoins. Simply put, the only two currencies designed for supranational use are the US dollar and the euro. No other country wants their currency to be used for international transactions that are not linked to their own country."