🇰🇷 Korean Won Stablecoin KRWQ Joins FraxNet for Global Settlement
🇰🇷 Korean Won Stablecoin KRWQ Joins FraxNet for Global Settlement
🇰🇷 Korean Stablecoin Breakthrough
KRWQ, the most traded Korean won stablecoin, has integrated with FraxNet to create an efficient KRW-USD settlement corridor.
Key developments:
- Built by IQ AI in collaboration with Frax using frxUSD infrastructure
- Partners include BlackRock, Bridge, Superstate, and WisdomTree
- Listed on major Korean exchanges: Upbit and Bithumb
Integration benefits:
- Unified, capital-efficient KRWUSD corridor for exchanges and DeFi platforms
- New KRWQ/frxUSD liquidity pools, including first pool on Uniswap v4
- Enhanced global KRW settlement capabilities on-chain
The integration leverages Frax's GENIUS-compatible network to provide deeper liquidity and streamlined cross-border settlement for Korean won transactions.
1/ KRWQ is joining FraxNet 🇰🇷🇺🇸 @KrwqCash, the most traded Korean won stablecoin, is joining FraxNet, our GENIUS-compatible stablecoin network, creating an efficient KRW–USD settlement rail powered by our best-in-class stablecoin infrastructure.
7/ With KRWQ integrated into FraxNet, exchanges, DeFi platforms, and fintech apps get a unified, capital-efficient KRW–USD corridor built on the frxUSD stack, bringing deeper liquidity and global KRW settlement on chain. Read more in our press release: prnewswire.com/news-releases/…
2/ KRWQ was built by @IQAICOM in collaboration with Frax. It combines: ¤ Our frxUSD infra (with partners including BlackRock, Bridge, Superstate, and WisdomTree) ¤ IQ’s deep Korean market presence via listings on Upbit, Bithumb & other top exchanges.
3/ KRWQ now expands across Frax’s ecosystem: ¤ Integrating with FraxFerry & FraxNet routing ¤ New KRWQ–frxUSD liquidity pools supported by Frax & IQ, including the first pool on Uniswap v4 as the core on-chain KRW–USD FX market. LP here: app.uniswap.org/explore/pools/…
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