By Isaac • June 16, 2026 9:56 pm •
KRWQ, a Korean won-backed stablecoin built by IQ and Frax Finance, adopted Chainlink Proof of Reserve to verify its reserves on-chain.
The integration uses a dedicated Chainlink Data Stream to pull offchain asset data and put it where anyone can check it.
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CryptoBriefing reported the move on June 16, 2026, and called KRWQ the first Korean won-backed stablecoin using Chainlink reserve verification infrastructure.
Chainlink sat at rank twenty-one by market capitalization on CoinGecko during the June 17 market check. That places the story inside the broader oracle and real-world-asset infrastructure conversation.
NEW: @KrwqCash , built by @IQofficial & @fraxfinance , adopts Chainlink to enhance reserve transparency for KRWQ, the first fully-backed Korean won stablecoin. Chainlink
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