IQ and Frax's KRWQ adopts Chainlink Proof of Reserve for automated Korean won reserve checks

KRWQ, 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)

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