Первый стейблкоин в мире, привязанный к южнокорейской воне, запущен на платформе Base Translation: The worlds first stablecoin pegged to the South Korean won launched on the Base platform.

Companies IQ and Frax have launched the stablecoin KRWQ, pegged to the South Korean won. This asset marks the first token of its kind on the L2 solution Base, as reported by The Block.

The team has already introduced the KRWQ-USDC pair on the decentralized exchange Aerodrome. The coin utilizes the Omnichain Fungible Token standard from LayerZero and the Stargate bridge for blockchain interoperability.

*“KRWQ will fill an important gap in the market. Currently, dollar-pegged stablecoins dominate, but there has not been a reliable asset tied to the won that has been launched on a large scale,”* stated IQ’s CEO Navin Vethanaaiyagam.

At present, residents of South Korea cannot utilize the stablecoin, as legislation on such assets has not yet been enacted in the country. The issuance and redemption of KRWQ are limited to authorized partners: exchanges, market makers, and institutional firms.

IQ aims to make KRWQ the first fully compliant stablecoin in Korea, taking into account a bill being developed by local lawmakers and financial authorities.

The Japanese startup JPYC has released the world’s first stablecoin tied to the yen’s exchange rate. The asset is fully backed by national savings and government bonds, according to Reuters.

The company plans to issue JPYC to the tune of 10 trillion yen ($66 billion) over the next three years and seeks to achieve widespread adoption beyond its borders. To draw users, the startup will not charge transaction fees. JPYC expects to generate primary revenue from interest on government bonds.

Project leader Noritaka Okabe mentioned that they are open to partnerships to enhance «global compatibility.»

Former Bank of Japan employee Tomoyuki Shimoda believes that yen-based stablecoins may not achieve the popularity of dollar-pegged assets. He suggests that it may take at least two to three years for JPYC to gain widespread acceptance in Japan, even with the involvement of major banks.

Deputy Governor of the Bank of Japan, Reizo Himino, noted that stablecoins could become key players in the global payment system, partially replacing bank deposits. He urged global regulators to adapt to the new conditions.

Recall that in October, media outlets reported that three of Japan’s largest banks are preparing to jointly release stablecoins.