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.
With this launch, KRWQ is included in a set of FX liquidity pools that make it possible to swap between global currencies onchain, using frxUSD as the shared dollar base.
KRWQ Now Available in Curve FX Pools
KRWQ is one of the initial stablecoin currencies to go live in Curve’s FXSwap pools on Polygon, alongside BRZ, IDRX, tGBP, AUDF, and USDT.
Each pool pairs KRWQ with frxUSD, enabling direct swaps into the dollar base and access to other supported currencies through it.
These pools are now live on Curve’s Polygon deployment, with incentives enabled and gauges active for liquidity providers.
A Stable Dollar Base and FX-Optimized Infrastructure
All FX pools use frxUSD as the base pairing.
frxUSD is a fully collateralized, fiat-redeemable dollar stablecoin designed by Frax Finance, backed by cash-equivalent reserves and redeemable one-to-one on demand. This provides a consistent and stable anchor across all supported currencies, including KRWQ.
Swaps are powered by Curve’s FXSwap pool design, which is optimized for currency trading and built to support tighter spreads and lower slippage across FX pairs.
Low-Cost Execution on Polygon
All activity takes place on Polygon, where the average transaction fee is approximately $0.002.
This allows KRWQ swaps to be executed with minimal cost, while the network’s throughput capacity supports the volume required for cross-currency transactions.
Liquidity and Access Are Live
KRWQ FX pools are now accessible on Curve via Polygon.
Liquidity providers can deposit into the pools today, with incentives and gauges already in place for reward distribution.
As part of this launch, KRWQ is included in a shared onchain FX framework designed to support cross-currency exchange with transparent pricing and fast settlement.
