IQ Report 5 min read

IQ Ecosystem Report - March 2026

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 Ecosystem Report - March 2026

The IQ Ecosystem Report for March is here. This month, 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. Alongside this, KRWQ expanded liquidity and integrations, AIDEN scaled across high-signal ecosystems, and IQ AI continued supporting builders through Buidl Asia and Electrothon.

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KRWQ and EDX Markets are bringing the $27 billion KRW NDF Market Onchain, Earning Bloomberg Coverage 

IQ鈥檚 KRWQ is pushing one of the largest untapped markets in global finance onchain. Through its partnership with EDXM International and Spark Systems, KRWQ is creating the first-ever Korean won stablecoin perpetual futures, a breakthrough that transforms how investors access a market historically dominated by opaque offshore non-deliverable forwards (NDFs).

The launch was covered by Bloomberg, signaling growing institutional recognition that KRW markets are moving onchain. This is not a niche opportunity. The offshore KRW NDF market alone sees tens of billions in daily volume, and KRW is already one of the most actively traded fiat currencies in crypto.

By introducing transparent, blockchain-settled derivatives with USDC settlement and KRWQ-based hedging, IQ is not just improving efficiency, it is rebuilding the core infrastructure of KRW trading. KRWQ now sits at the center of a new market structure that connects spot, derivatives, and onchain liquidity into a single unified system.

KRWQ鈥慺rxUSD Gauge Approved on Curve

The KRWQ/frxUSD pool was approved for a gauge on Curve Finance, meaning veCRV holders can now vote to direct CRV emissions to the pool and turn it into a yield鈥慻enerating venue for KRWQ liquidity providers. As LPs deposit KRWQ and frxUSD, they earn trading fees plus CRV incentives, helping attract deep liquidity, minimize slippage for KRW/USD swaps, and place KRWQ alongside the most trusted stablecoins in DeFi.

The pool is part of Curve鈥檚 FXSwap framework and uses the Twocrypto鈥慛G AMM, which is designed for onchain foreign exchange between assets like KRWQ and frxUSD whose exchange rate can move over time. By pairing KRWQ with frxUSD, a highly efficient, collateralized dollar stablecoin backed by U.S. Treasuries, the pool effectively creates a decentralized FX venue that strengthens KRWQ鈥檚 peg and deepens IQ鈥檚 role in building KRW鈥慸enominated DeFi rails. More details can be found in the dedicated blog post.

KRWQ Is Now Live on Hydrex

KRWQ expanded its onchain reach by going live on Hydrex, an omni鈥憀iquidity layer operating on Base. The integration adds a KRWQ/frxUSD pair to Hydrex, giving users and aggregators another path to route won鈥慸enominated flows across Base鈥憂ative protocols.

To highlight the launch and roadmap, the teams hosted an X Space discussing how KRWQ and Hydrex can collaborate to connect KRW liquidity with deeper dollar markets and new agent鈥慸riven trading flows. This dialogue helps align communities around using KRWQ as core infrastructure in cross鈥慶hain, cross鈥慶urrency strategies.

KRWQ Is Live on Morph

KRWQ went live on Morph, bringing a fully backed Korean won stablecoin to an onchain settlement layer designed for global crypto payments and consumer applications. This integration lets users and businesses hold and transact KRW鈥慸enominated balances directly on Morph, alongside existing stablecoins and DeFi primitives.

With KRWQ on Morph, builders can experiment with KRW鈥憂ative spending, remittances, and commerce flows while tapping into existing liquidity and infrastructure on the network. It鈥檚 a meaningful step toward making KRW a first鈥慶lass currency for everyday onchain transactions, not just trading venues.

KRWQ on Dune: Transparent Onchain Analytics

KRWQ was added to an Asia鈥慞acific stablecoin dashboard on Dune, giving the community real鈥憈ime visibility into its supply, activity, and adoption metrics. The dashboard tracks KRWQ alongside other regional stablecoins, making it easier for analysts and institutions to benchmark KRWQ鈥檚 growth across chains and venues.

For builders, having KRWQ surfaced in a standardized analytics environment simplifies due diligence on liquidity depth and integration opportunities. It reinforces KRWQ鈥檚 positioning as a data鈥慸riven, institution鈥憆eady KRW rail rather than just a speculative token. Check out the dashboard here.

KRWQ Trading Competition on Bulba via Bitget Wallet

To bootstrap deeper liquidity and volume, KRWQ joined a trading competition on Bulba鈥檚 USDT/KRWQ pool on Morph, promoted by Bitget Wallet. Traders are incentivized to route volume through the USDT鈥慘RWQ pair, with rewards structured to tighten spreads and build a more robust price discovery venue for the stablecoin.

By using Bitget Wallet as the entry point into Bulba on Morph, the campaign aligns wallets, DEX liquidity, and KRWQ adoption into a single funnel. This helps both retail users and more sophisticated participants access efficient KRW/USD routing directly onchain.

Partnerships 

AIDEN Integrations

AIDEN has been integrated into over 250 protocols' Telegram and Discord groups, which customized the bot with their specific documentation. In March, AIDEN was integrated by projects including PGRM, Neura, Praxis, and others. These integrations show the growing adoption of AIDEN and its versatility across various platforms.

IQ.wiki x Buidl Asia

IQ.wiki partnered with Buidl Asia to serve as a canonical knowledge base for projects featured at one of Asia鈥檚 most prominent builder conferences. This partnership allows users to access detailed speaker information directly through embedded wiki pages.

By linking Buidl Asia speakers to IQ.wiki, the IQ ecosystem helps convert short鈥憈erm attention into persistent, machine鈥憆eadable knowledge for both organizers and participants. Over time, this strengthens IQ.wiki鈥檚 role as the living encyclopedia of global Web3 innovation.

Electrothon x ADK鈥慣S

IQ AI also advanced its developer ecosystem through Electrothon 8.0, the hackathon organized by S.P.E.C under NIT Hamirpur鈥檚 Electronics and Communication Department, by bringing the ADK鈥慣S workshop into the event. More than 100 participants in attendance gained access to IQ鈥檚 TypeScript鈥憂ative Agent Development Kit that connects agents to DeFi protocols, prediction markets, and messaging platforms via modular MCP servers.

This gives early鈥憇tage teams a fast path to building production鈥慻rade agents that can interact with the IQ ecosystem. It aligns with IQ AI鈥檚 broader mission of standardizing how agents reason, act, and settle value across the open crypto economy.

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IQ AI Report - January 2026
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IQ AI Report - January 2026

The first IQ AI Report of 2026 is here! Learn more about updates on ecosystem news and partnerships. IQ AI unveils PredIQt, KRWQ goes live on Fraxtal and Codex, and Autonomint integrates KRWQ for high-yield non-USD stablecoin strategies