KRWQ.cash is a fiat-backed multichain stablecoin pegged 1:1 to the South Korean won, launched in partnership with IQ and Frax Finance. KRWQ.cash's Twitter Score is 9.4 out of 1000 as of October 2026, ranking #99,809 among 497,973 tracked accounts.
KRWQ.cash was launched on October 30, 2025, built on Base using LayerZero's Omnichain Fungible Token standard and Stargate for cross-chain transfers. Its initial decentralized market was a KRWQ-USDC liquidity pool on Aerodrome. KRWQ.cash subsequently expanded to Ethereum and integrated with FraxNet routing and KRWQ-frxUSD liquidity pools on Uniswap v4, and later expanded further to Solana to support won-denominated perpetual futures, onchain FX markets, cross-margin trading and institutional trading systems.
KRWQ.cash operates under a 100% full-reserve model, with reserves initially composed of USDC and a stated transition toward Korean sovereign assets. Its transparency dashboard publicly reports minted supply, reserve assets, custodians and a reserve ratio, with data stated to update every 30 seconds. Chainlink Proof of Reserve was adopted in June 2026 for automated reserve verification. Minting and redemption are restricted to KYC-verified counterparties, including exchanges, market makers and institutional partners. KRWQ.cash is privately issued and is not a central bank digital currency, and at launch was not marketed or offered to Korean residents.
KRWQ.cash joined the Circle Alliance Program and was listed for spot trading on EDX Markets after KRWQ perpetual futures launched on EDXM International, making it the first non-USD stablecoin available across both venues on EDX's integrated trading stack. KRWQ.cash is affiliated with Brainpower Labs as its issuer and is backed by BrainDAO, which committed treasury resources to deepen liquidity as adoption grew. KRWQ.cash and NEXUS signed an MOU to explore KRW-denominated payments and settlement for games and digital content, including potential connections to ONEchain, ONEPay and ONE Store.
KRWQ.cash has published 582 posts and has been mentioned by 23 accounts a total of 64 times, reflecting its presence among stablecoin and DeFi communities.
Who follows KRWQ.cash on X?
The accounts that follow KRWQ.cash include 24 founders, 3 angel investors and 6 influencers, among them Solana, Polygon, Jihoz.ron, Seraphim, Josh Ong and sam.frax.