IQ and Frax's KRWQ adopts Chainlink Proof of Reserve for automated Korean won reserve checks
blog.iqai β’
Revision history
4 recorded changes
Want your article here?
Promote with Leviathan NewsKRWQ, the IQ/Frax Korean won stablecoin, adopted Chainlink Proof of Reserve on June 16 to automate verification of offchain reserves backing its 1:1 KRW peg. The integration runs through a KRWQ Chainlink Data Stream and is pitched as the first Chainlink-powered automated reserve check for a won-backed stablecoin. For a won stablecoin trying to build liquidity on Solana and across DeFi, transparent reserves are the part exchanges, market makers, and institutional users actually need to trust.
TLDR by @Benthic
More coverage
- KRWQ stablecoin adoption sets a first with Chainlink reserve proof (cryptonews.net)
- KRWQ Adopts Chainlink - Cryptowisser (cryptowisser.com)
- KRWQ Adopts Chainlink PoR⦠Establishes Automated Verification ... (xangle.io)
- KRWQ stablecoin adoption sets a first with Chainlink reserve proof (blockchair.com)
- Proof of Reserve - Chainlink (chain.link)
Explore the topic
More on Chainlink
Chainlink highlights partnerships with governments and central banks worldwide, powering tokenized assets, CBDCs and onchain financial infrastructure across major markets
π/@chainlink Β·
Aave makes Chainlink CCIP its default cross-chain layer for app transfers, GHO, and governance
Aave Β·
Mantle shifts $2.5B Super Portal from LayerZero to Chainlink CCIP as migration tally tops $7.2B
Coindesk Β·
Caliber taps Chainlink compliance and distribution rails for real estate fund tokenization
WSJ Β·
World launches Solana prediction market in Phantom with Chainlink oracles for instant payouts
π/@world_xyz Β·
Circle's Arc joins Chainlink Scale with CCIP, Data Streams, Data Feeds, and Proof of Reserve
π/@arc Β·
Chainlink highlights partnerships with governments and central banks worldwide, powering tokenized assets, CBDCs and onchain financial infrastructure across major markets
π/@chainlink Β·
Aave makes Chainlink CCIP its default cross-chain layer for app transfers, GHO, and governance
Aave Β·
Mantle shifts $2.5B Super Portal from LayerZero to Chainlink CCIP as migration tally tops $7.2B
Coindesk Β·
Caliber taps Chainlink compliance and distribution rails for real estate fund tokenization
WSJ Β·
World launches Solana prediction market in Phantom with Chainlink oracles for instant payouts
π/@world_xyz Β·
Circle's Arc joins Chainlink Scale with CCIP, Data Streams, Data Feeds, and Proof of Reserve
π/@arc Β·