Original post by The Block: https://www.theblock.co/post/401093/krwq-expands-solana
KRWQ, the Korean won-denominated stablecoin created by IQ with Frax as its infrastructure partner, is expanding to Solana.
As featured on The Block, the move establishes KRWQ as a core KRW settlement asset on Solana, enabling KRW-denominated perpetual futures, onchain FX markets, cross-margin trading between KRW and USD stablecoins, and institutional trading systems. All in a high-performance, low-latency environment.
The Korean won sees roughly $40 billion in daily spot volume and approximately $60 billion in offshore NDF activity, yet has remained largely absent from crypto-native infrastructure. KRWQ addresses this by creating a fully onchain KRW settlement layer that bridges traditional FX markets with onchain execution.
This Solana expansion follows KRWQ's listing on EDX Markets and the launch of KRW perpetual futures on EDXM International, building toward a globally accessible, continuously traded Korean won market.
All cash flows and fees from KRWQ accrue to the IQ token, giving IQ holders direct exposure to the growth of the KRW stablecoin ecosystem.
