TechFlow News, May 13: According to The Block, the Korean won (KRW)-denominated stablecoin KRWQ announced its expansion to the Solana network to support on-chain KRW liquidity. KRWQ was jointly developed by IQ and Frax. The team stated that this deployment will position KRWQ as the core settlement asset for KRW liquidity on Solana. KRWQ will support various KRW-denominated trading applications on Solana, including perpetual futures, on-chain foreign exchange markets, arbitrage strategies, cross-margin trading between KRW and USD stablecoins, and institutional and algorithmic trading systems.
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