🇰🇷 Korean Won Stablecoin KRWQ Joins FraxNet for Global Settlement
**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.
[Read full press release](https://www.prnewswire.com/news-releases/krwq-the-most-traded-korean-won-stablecoin-joins-fraxnets-genius-compatible-network-302638607.html?tc=eml_cleartime)