KRWQ, the first Korean won stablecoin, is now available on Fireblocks, an enterprise platform for secure digital asset custody, settlement, trading operations, and stablecoin payments, via Fireblocks’ support of the Base chain.
KRWQ is expanding to Solana, bringing Korean won liquidity to one of crypto’s fastest onchain trading ecosystems.
KRWQ became the first non‑USD stablecoin on EDX spot and perps. It expanded to Polygon-based onchain FX with major partners and gained industry recognition, while AIDEN and IQ.wiki scaled integrations and partnerships.
Based on research published by Asia Stablecoin Alliance on Four Pillars (ASA News #18, April 28, 2026) IQ’s core
Dave Shin, Chief Operating Officer of KRWQ, made this statement in an interview with Edaily on April 17, discussing KRWQ's role in the approximately $27 billion NDF market. KRWQ is the first offshore Korean won stablecoin, issued by blockchain technology company IQ and Frax Finance.
By introducing a Korean won-denominated stablecoin, IQ aims to bring KRW liquidity onchain and improve access to KRW markets within a more transparent and efficient framework.
KRWQ is now listed on EDX Markets — making it the first non-USD stablecoin available across both spot and perpetual futures on a fully integrated, institutional-grade trading platform.
KRWQ is now part of a new onchain foreign exchange (FX) system launched on Polygon, in collaboration with Polygon Labs, Frax Finance, and Curve Finance.
Min specifically highlighted the launch of KRW-pegged stablecoin perpetual futures on EDXM, the digital asset exchange backed by Citadel Securities calling it "highly symbolic" of stablecoins' push into derivatives and capital markets. KRWQ isn't just another token.
KRWQ took a major step toward bringing the $27 billion KRW NDF market onchain with the launch of the first KRW stablecoin perpetual futures on EDXM, earning Bloomberg coverage. AIDEN scaled across ecosystems, and IQ AI continued supporting builders through Buidl Asia and Electrothon.
IQ’s KRWQ stablecoin today announced a strategic partnership with EDXM International and Spark Systems to launch the world’s first Korean won stablecoin perpetual futures.
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