Korean won FX markets are moving onchain.
With USDC as the settlement layer, @IQAICOMโs @KRWQcash are helping create a more transparent and accessible KRW-USD market structure, with trading costs that are 50%โ75% lower than traditional KRW NDF markets.
By pairing KRWQ with USDC, they were able to support:
โ Deeper KRW-USD liquidity
โ Tighter spreads and better price formation
โ Broader institutional distribution
https://t.co/Z8bZk2nivA