KRWQ: Korea’s First Won-Pegged Stablecoin on Base
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The post KRWQ: Korea’s First Won-Pegged Stablecoin on Base appeared first on Coinpedia Fintech News
IQ and Frax have launched KRWQ, the first stablecoin pegged to the South Korean won on the Base network. KRWQ is designed to provide a stable digital asset that mirrors the value of the Korean won, making transactions smoother within the crypto space. It supports multi-blockchain transfers using LayerZero technology and is built with regulatory compliance in mind. Currently, minting and redemption are restricted to select partners, marking a significant step for Korea’s digital finance ecosystem.
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