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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We are thrilled to share a major milestone for the KRWQ ecosystem. The proposal to add the KRWQ/frxUSD pool to the Curve Gauge Controller has been officially approved.
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The IQ Ecosystem Report for February is here! Learn more about updates on ecosystem news and partnerships. IQ’s KRWQ,
In a landmark development for the digital asset market, IQ has announced that KRWQ, the first Korean won stablecoin, has
