[Coindesk Journalist Criticizes KRW1 Korean Won Stablecoin: A Stablecoin Used Only for Domestic Transactions Is Meaningless] Odaily Planet Daily reports that Coindesk senior market journalist Sam Reynolds posted on Platform X, sharply criticizing the Korean Won stablecoin KRW1, stating, 'The term "launch" implies that it is still in the proof-of-concept stage and has not been traded on exchanges or made public. Furthermore, when it does become publicly available, it will only be used for domestic transactions. Even so, domestic transactions in Korea are instantaneous and nearly free—so what’s the point? Upbit and Bithumb both have deep Korean Won liquidity without the need for a stablecoin. In short, 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 unrelated to their own nation.'