The first Korean Won stablecoin KRWQ has begun acquiring tokenized Korean government bonds held by New Korea Securities, marking the first time such bonds have been used as collateral for a Won-pegged stablecoin. These bonds are tokenized through Etherfuse's Stablebond framework. The creator of KRWQ, IQ, stated that this move enhances the reserve capacity of the stablecoin and connects blockchain-based Korean Won liquidity with the Korean sovereign debt market.
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The first Korean Won stablecoin KRWQ has begun acquiring tokenized Korean government bonds held by New Korea Securities, marking the first time such bonds have been used as collateral for a Won-pegged stablecoin. These bonds are tokenized through Etherfuse's Stablebond framework. The creator of KRWQ, IQ, stated that this move enhances the reserve capacity of the stablecoin and connects blockchain-based Korean Won liquidity with the Korean sovereign debt market.