KRWQ, the Korean won-pegged stablecoin, has expanded to the Solana network.
According to The Block, the Korean won (KRW)-denominated stablecoin KRWQ has announced its expansion to the Solana network to support on-chain KRW liquidity. KRWQ was jointly developed by IQ and Frax. The team stated that this deployment will position KRWQ as the core settlement asset for KRW liquidity on Solana. KRWQ will support a variety of KRW-denominated trading applications on Solana, including perpetual futures, on-chain foreign exchange markets, arbitrage strategies, cross-margin trading between KRW and USD stablecoins, and institutional and algorithmic trading systems.
