Avalanche expands stablecoin payments business in South Korea and Japan, AVAX shares soar
Source: CoinWorld
Time: 2025-09-18 12:38:38
Avalanche is expanding its presence in Asia through its partnership with major Korean companies, including the launch of the Korean won 1 stablecoin with Woori Bank and the development of a payment system with INEX. Network activity surged, with DEX trading volume reaching $630 million in 24 hours, surpassing Arbitrum and Sui, while Risk-weighted assets (RWA) valued at more than $450 million. AVAX broke through the bull pennant pattern with a trading price of $31.82 and an analyst target price of $42, supported by institutional investor interests and pending approval for ETF applications.