Solana to Develop Korean Won-Pegged Stablecoins Via Partnership

Solana Foundation has partnered with Korean blockchain infrastructure company Wavebridge to build a “compliance-ready” KRW-pegged stablecoin. The partners signed an MoU on Tuesday, to create institutional-grade tokenization products. Besides, the aim is to make stablecoins adopted within regulated financial markets. Jongwook Oh, CEO of Wavebridge, said that the collaboration designs structures where a KRW stablecoin is not only issued but also verified, controlled, and fit for institutional use. “By bui ...