KRWQ and a Citadel backed crypto exchange are launching the first ever blockchain-based derivative of the Korean won!
KRWQ was created by IQ with cash flows and fees going to IQ.
KRWQ and Citadel backed EDXM International are launching the first blockchain-based derivative of the Korean won!
The news is out on Bloomberg.
KRWQ is the first Korean won stablecoin.
A solid milestone for @KrwqCash ๐๐ง ๐
Real-time reserve verification brings another layer of transparency to the onchain Korean won ecosystem.
Glad to be building alongside the teams making it possible ๐ช
NEW: @KrwqCash, built by @IQofficial & @fraxfinance, adopts Chainlink to enhance reserve transparency for KRWQ, the first fully-backed Korean won stablecoin.
Chainlink Proof of Reserve is unlocking regulatory readiness for the worldโs largest onchain Korean won FX market.
Building institutional infrastructure means building trust into the system itself.
@KrwqCash's adoption of @chainlink Proof of Reserve introduces automated, real-time reserve verification for onchain Korean won markets, adding another foundational layer to the ecosystem! ๐ช
Trust is the foundation of any stablecoin worth holding. By adopting @chainlink Proof of Reserve, $KRWQ becomes the first Korean won stablecoin with automated, real-time verification of its reserves.
Fully backed, fully transparent and built for institutions.
The onchain won FX market starts here.
Read more: https://t.co/BJlRDJHWXQ
BANA Protocol integrates AIDEN ๐ฆพ
Our AI Agent, AIDEN, is now part of the @BanaProtocol community, making blockchain knowledge more accessible to its members.
They've also got a new wiki page on our blockchain encyclopedia! ๐๐ง
Check it out on: https://t.co/zdBRp1ou3W
๐ค AI & Web3 Weekly Brief
โข U.S. moves to restrict foreign access to advanced AI models
โข @OpenAI considers price cuts to expand enterprise adoption
โข @GoldmanSachs projects AI infrastructure CAPEX could reach $1.1T by 2027
โข @SpaceX IPO draws attention to the next wave of AI and data infrastructure
๐ก IQ Insight
The AI race is expanding beyond models and into infrastructure. Compute, networks, and data infrastructure are becoming key drivers of long-term AI competitiveness.
Weekly wrap! A lot happened this week...
A new global partnership, ecosystem integrations, developer resources, and stablecoin adoption across Asia.
Hereโs what moved ๐๐ง
To close out the week, both ecosystems published their latest briefings:
๐ค AI & Web3 Weekly Brief
๐ฐ๐ท Korean Won Weekly Brief
Stay tuned for more updates next week! ๐ง
๐ https://t.co/1fXEnUqvAy
๐https://t.co/adQszLS0JZ
๐ฐ๐ท Korean Won Weekly Brief
- Rising FX volatility (USD/KRW breaks above 1,530), Source: TradingView
- Korea Investment, Coinone & OKX join forces
- Visa, Mastercard & Stripe expand stablecoin push
- Securing overseas stablecoin licenses
- KRWQ's listing on EDX is the signal: offshore-issued won stablecoins are already entering the institutional investment sphere
๐ก $KRWQ Insight
As exchange-rate volatility widens, global financial institutions and payment companies are accelerating their build-out of stablecoin infrastructure. The bridge between digital assets and traditional finance is no longer a story about the future.
Building AI agents is fun, but shipping them to users is where the real challenges begin!
External calls firing repeatedly, API rate limits, or services returning 502s โ these aren't your agent's fault, but they become its problem...๐งต