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.