Won-Pegged Stablecoin KRWQ Launches on Solana After EDX Listing

Overview

• KRWQ, which launched on Solana on Wednesday, brings a new on-chain venue for Korean won liquidity across decentralized exchanges.
• The token is pegged one-to-one to the won with segregated fiat reserves and allows minting and redemption only for approved exchanges and market makers.
• Institutional access expanded in March when EDX Markets listed KRWQ for spot trading and added offshore perpetual futures tied to the won.
• The design uses LayerZero’s Omnichain Fungible Token standard for cross-chain transfers, and Solana’s low fees and fast execution suit on-chain FX, arbitrage, and perpetual trading.
• The project says it does not market or offer KRWQ to South Korean residents due to evolving rules under the country’s Digital Asset Basic Act.