KRWQ Hits Major Milestone, Crossing $1 Billion in Trading Volume

In a significant development for the Korean stablecoin market, KRWQ, developed by IQ and Frax, has reached an important milestone, surpassing ₩1 billion in trading volume less than two weeks after launch. This achievement marks a key step forward for the fiat-backed and multichain stablecoin pegged 1:1 to the South Korean Won (KRW). The milestone coincides with the activation of AERO emissions on Aerodrome, expanding incentives for the KRWQ-USDC pool on Base and supporting deeper liquidity on the platform. This expansion opens doors to wider accessibility and integration within the DeFi ecosystem.