Deep Tide TechFlow News, May 13, according to The Block, the stablecoin KRWQ, which is denominated in Korean Won, announced its expansion to the Solana network, aiming to support on-chain Korean Won liquidity. KRWQ was created through a partnership between IQ and Frax, and the team stated that this deployment will make it the core settlement asset for Korean Won liquidity on Solana. KRWQ will support various Korean Won-denominated trading applications on Solana, including perpetual futures, on-chain foreign exchange markets, arbitrage strategies, cross-margin trading between Korean Won and US dollar stablecoins, as well as institutional and algorithmic trading systems.

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