KRWQ and a Citadel backed crypto exchange are launching the first ever blockchain-based derivative of the Korean won!
KRWQ was created by IQ with cash flows and fees going to IQ.
KRWQ and Citadel backed EDXM International are launching the first blockchain-based derivative of the Korean won!
The news is out on Bloomberg.
KRWQ is the first Korean won stablecoin.
What happens when countries start issuing stablecoins in their own currencies?
You might assume they’ll compete with the dollar 💰
@NavV96, Chief Brain at IQ, has a different view
He calls it the “Stablewoods” thesis 🤓🧵
Our Chief Brain, @NavV96, joined @brave for a conversation on the future of stablecoins, AI agents, and global finance.
They talked about:
> The “Stablewoods” thesis 👀
> How IQ is turning knowledge into living infrastructure for AI
> Why non-USD stablecoins could strengthen the