KRWQ partners with Chainlink to launch automated reserve verification for its Korean Won stablecoin.

CoinFeed reported on June 16 that the South Korean won stablecoin KRWQ has announced the integration of Chainlink's Proof of Reserve and Data Stream for automated verification of its offline reserves, improving transparency and compliance preparedness. KRWQ is currently the largest South Korean won stablecoin, issued in partnership with IQ and Frax, pegged 1:1 to the South Korean won, and supports use on chains such as Solana.