KRWQ, Korea’s top stablecoin, now settles KRW to USD globally via FraxNet, boosting on-chain forex liquidity.

KRWQ, the most traded Korean won stablecoin, has integrated with FraxNet, Frax’s cross-chain infrastructure, enabling compliant, capital-efficient KRW-to-USD settlement for global investors. Now live on Ethereum and Base, KRWQ leverages FraxNet’s routing and a Uniswap V4 liquidity pool with frxUSD, a GENIUS-compatible stablecoin backed by regulated assets including BlackRock’s BUIDL fund. The move establishes Korea’s first institutional-grade stablecoin settlement layer, enhancing on-chain foreign exchange liquidity and supporting DeFi, exchanges, and AI-driven finance. Frax continues expanding its stablecoin ecosystem with FraxNet, frxUSD, and Fraxtal.