AxCNH and KRW1 Stablecoins Launch in Asia as $BEST Token Soars Past $16M on Presale

The AxCNH, a Chinese Yuan-pegged stablecoin issued by AnchorX, was officially launched on September 17, 2025 in Hong Kong. BDACS also launched KRW1, a South Korean Won-pegged stablecoin, the following day.

Why do these moves matter? Because the crypto race is heating up.

While America’s new federal stablecoin framework (the GENIUS Act in 2025) sets strict issuance and transparency rules, countries like Hong Kong and South Korea are also accelerating regulatory frameworks to oversee stablecoin activity.

Retail users also stand to gain. Putting fiat on-chain enables near-instantaneous 24/7 cross-border settlement and brings smart contracts into the mix. This not only reduces correspondent-bank friction, but allows for programmable FX flows (like atomic swaps and other DeFi uses).

Currently in phase 2 of its roadmap, this crypto project bridges the gap between crypto and CeFi with effortless onramping, multi-chain support, low-cost swaps, and more features like derivatives trading and a debit card in the pipeline.

Stablecoin Market Heats Up: What AxCNH and KRW1 Mean for Global Crypto Growth

Unlike traditional financial systems, the blockchain never sleeps. With no business hours or potential correspondent delays to tie it down, both individuals and businesses trading on-chain benefit from a reliable, around-the-clock solution.

This also makes currency faster and more easily accessible, even for cross-border payments or transfers, giving people real reasons to use blockchain over legacy systems.

More importantly, being fiat-backed and overcollateralized, these stablecoins align with global regulatory expectations, raising institutions and retail users’ trust and confidence to embrace crypto.

Unlike traditional financial systems, stablecoins also rely on oracle networks like Chainlink, which enable real-time, tamper-resistant data and automated, trustless smart contracts for lending and DeFi trading.

For newcomers still uncertain about entering the crypto landscape, stablecoins offer a familiar entry point, as they resemble fiat currencies and create a safe environment for traders to operate without concerns about volatility.

With that base, it becomes easier to explore other digital assets and DeFi applications. This is where Best Wallet and Best Wallet Token ($BEST) also come in as beginner-friendly crypto tools with building momentum behind them.

Best Wallet Makes Crypto Easy While Its Native $BEST Token Raises $16M+ in Presale

Best Wallet is one of the leading hot wallets built to outperform legacy wallets like MetaMask.

It provides traders with a streamlined multi-chain hub that directly supports top networks like Bitcoin, Ethereum, Solana, BSC, and Base (with 60+ more chains coming in the near future). Some of the other perks of Best wallet include:

• Non-custodial key management backed by Multi-Party Computation. You don’t have to worry about protecting your secret key, since it’s virtually unbreakable.
• Effortless cross-chain moves, available in one dashboard – think Ethereum staking through Lido and Rocket Pool integrations or low-cost cross-swaps across dozens of DEXes.
• A built-in filter to hide suspicious tokens, which adds an extra security layer when exploring decentralized projects.

Besides, the app’s WalletConnect compatibility allows you to connect to other external crypto platforms like derivatives exchanges and other dApps.

With this, you can leverage more advanced strategies and enable seamless yield farming across more ecosystems.

By holding $BEST, you can benefit from reduced in-app transaction fees, early access to vetted new presales, and higher staking rewards in the app’s upcoming staking aggregator.

Best Wallet’s upcoming tokens feature is particularly attractive to degens hunting for new meme coin presales and other early-stage opportunities.

With all projects vetted and smart contract audits available, it’s easier than ever to find trusted projects and avoid honeypots or other scams.

$BEST also integrates trading incentives with governance, creating upside beyond speculation. By giving holders a direct role and voting rights on the app’s future direction, $BEST ensures its base stays loyal and active as the project’s roadmap progresses.

With rapid presale traction and ambitions to capture 40% wallet market share by 2026, $BEST offers plenty of room for growth.

Its fundraiser is still ongoing as the dev team is working behind the scenes to introduce more advanced features (like NFT support, a crypto debit card, and a staking aggregator coming in phase 3).

The $BEST token has already raised over $16M and continues to gain traction. The ICO has even attracted several whale buys of $70.2K, $50.9K, and $49.5K, further boosting confidence in the token.

On top of this, $BEST offers dynamic staking rewards (currently at roughly 83% APY). If the reward rate stays high in the upcoming months, you could be racking up around $915 on your $500 investment, without factoring in token price moves.

With momentum building, the next price increase drops in under 12 hours.

Visit the $BEST token presale to get ahead of the curve.

This is not financial advice. Please always do your own research before investing in cryptocurrencies. 

Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/news/china-launches-first-stablecoin-adoption-spikes-best-wallet-gains/