KRWQ removes tokenized Korean government bonds from reserves after six months

Sep 10, 2026 02:40 (46d ago)

KRWQ removed tokenized Korean government bond assets from its reserves.
KRWQ had added the assets in February, about six months before their removal.
The overseas-issued won stablecoin faced scrutiny over suspected money laundering, Seoul Economic Daily reported.

KRWQ, an overseas-issued Korean won stablecoin (cryptocurrency designed to track a fiat currency), has removed tokenized Korean government bond assets from its reserves. The move came about six months after the assets were added in February and as KRWQ faced attention over suspected money laundering, PANews reported on Sept. 10, citing South Korea's Seoul Economic Daily.