Wemade taps Chainlink for Korean won stablecoin infrastructure

Wemade added Chainlink to its Korean won stablecoin alliance to strengthen oracle and data infrastructure as South Korea debates stablecoin regulation.

Blockchain company Wemade added Chainlink Labs to its Global Alliance for KRW Stablecoins (GAKS), expanding the consortium’s data and oracle infrastructure as it builds compliance-focused rails for won-pegged stablecoins. 

On Tuesday, Wemade announced that Chainlink will provide technical support for data integrity, infrastructure standards and tokenized asset use cases. Wemade said Chainlink’s role will also focus on supporting standardization and enabling alliance members to leverage oracle services. 

The addition follows earlier partnerships with blockchain analytics firm Chainalysis, security auditor CertiK and remittance provider SentBe, which collectively formed the GAKS initiative. 

Read more