Core Insights - Wemade announced that Chainlink Labs has officially joined the Global Alliance for KRW Stablecoin (GAKS) to enhance the adoption of Korean won-backed stablecoins [1] - The alliance aims to develop a trusted KRW stablecoin ecosystem while ensuring compliance with global regulatory standards [1] Group 1: Alliance Formation and Objectives - GAKS was launched in November 2025 to accelerate the development of a KRW stablecoin ecosystem [1] - The inclusion of Chainlink Labs is expected to strengthen the alliance's technical credibility and support the establishment of institutional-grade digital asset infrastructure in Korea [2][3] Group 2: Technical Standards and Infrastructure - Wemade is focused on advancing technical standardization and enhancing infrastructure to support stablecoin adoption at scale through GAKS [3] - Chainlink's participation will aid in building global-level standards and improving the reliability of KRW stablecoin frameworks [3][4] Group 3: Role of Chainlink - Chainlink will play a crucial role in ensuring that KRW stablecoins maintain data integrity, transparency, and stability in line with global financial market expectations [4] - Chainlink is recognized as the leading oracle platform that bridges traditional finance with onchain markets, having been adopted by major financial institutions [5][6] Group 4: Recent Developments in the Alliance - The addition of Chainlink follows recent inclusions of Chainalysis, CertiK, and SentBe, expanding the alliance's coverage in compliance, security, fintech, and data infrastructure [7] - The Vice President of Wemade emphasized that Chainlink's participation marks a significant milestone for GAKS in achieving global-level technical excellence and trust [8]

Group 1 - Naver Corporation is in discussions with Dunamu regarding a potential share swap that could integrate Upbit into Naver's financial ecosystem [1][2] - Following the news, Naver's shares increased by as much as 11.4% [1] - The proposed deal would position Dunamu as a subsidiary of Naver Financial, enhancing Naver's control over Upbit and its presence in the crypto market [2][6] Group 2 - Naver has filed a disclosure with the Korea Exchange, indicating ongoing discussions about various forms of cooperation with Dunamu, including a share exchange and projects related to stablecoins and unlisted stock trading [3] - The partnership builds on a previously announced collaboration in July, where Naver Pay and Dunamu planned to issue a KRW stablecoin, marking a significant step in the South Korean stablecoin landscape [4] - Dunamu is developing a custom Ethereum layer-2 blockchain named "GIWA" to support stablecoins and payment infrastructure [4][5] Group 3 - If the share swap is finalized, Naver would become the first major South Korean platform to fully integrate a cryptocurrency exchange into its financial services, potentially enhancing cross-selling opportunities and stablecoin adoption [6]

🇰🇷 Korea is about to get a payments upgrade.t'order, the nation’s #1 table-ordering platform, is teaming up with Sui to roll out KRW stablecoin payments at scale.300K+ POS devices. $4.3B in annual volume. Powered by Sui + Walrus for speed, security & onchain data integrity. 💳⚡ ...

Group 1 - The discussions around a Korean Won stablecoin are gaining traction ahead of Korea Blockchain Week, highlighting the political significance of local currencies as digital alternatives to the U.S. dollar [1][2] - Most Asian currencies face capital controls that limit their global circulation, with the Hong Kong dollar being the only currency in the region that can function as a stablecoin on an international scale [2][6] - A bill to legalize stablecoins in Korea is progressing, but it is not aimed at globalizing the Won due to existing regulations that prevent capital flight, reflecting a desire to maintain monetary sovereignty [3][4] Group 2 - The Korean central bank is open to the idea of Won stablecoins but expresses concerns regarding foreign convertibility, indicating that the same restrictions that protect sovereignty also hinder international utility [4][5] - Other Asian currencies, such as Taiwan's New Taiwan dollar and the renminbi, are similarly constrained by capital controls, limiting their potential for global stablecoin proposals [6] - The Hong Kong dollar's full convertibility and its established role in international markets position it uniquely as a potential global stablecoin, capable of meeting both domestic and international liquidity needs [7][8]