KRWQ Expands to Solana to Boost Korean Won On-Chain Liquidity

The stablecoin created by IQ and Frax said the move is aimed at trading use cases, including perpetual futures and foreign exchange markets.

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FRAX

42d ago

Fact Check

The Block's primary reporting ('Korean won stablecoin KRWQ expands to Solana following March EDX Markets listing') directly and comprehensively confirms every element of the claim: KRWQ is expanding to Solana, it was created by IQ and Frax, and the move targets trading use cases including perpetual futures and foreign exchange markets. Two independent X posts from @TheBlockCo and @SolanaFloor further corroborate the announcement on the same date (May 13, 2026). No conflicting evidence was found.

Summary

KRWQ has expanded to Solana, a move designed to support on-chain Korean won liquidity. The stablecoin, created by IQ and Frax, said the deployment is intended for trading use cases such as perpetual futures (derivatives contracts with no expiry) and FX markets (foreign exchange trading). KRWQ launched in October and was listed on EDX Markets in March, including KRW perpetual futures on EDXM International.

Terms & Concepts

Stablecoin: A cryptocurrency designed to maintain a stable value, often by linking it to a fiat currency such as the Korean won.
Perpetual futures: A derivatives contract that lets traders speculate on an asset’s price without an expiration date.
Solana: A high-throughput blockchain network used for decentralized applications and token transfers.