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.
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.