WEMADE and CertiK Launch Global Alliance for Korean Won Stablecoin in Singapore

The Singapore-based Global KRW Stablecoin Alliance unites key blockchain firms to enhance StableNet’s secure, compliant infrastructure for Korean won-pegged transactions.

Summary

WEMADE partnered with CertiK to establish the Global KRW Stablecoin Alliance (GAKS) in Singapore, aimed at strengthening StableNet’s infrastructure for Korea’s first full-lifecycle won stablecoin network. Alliance members include Chainalysis and SentBe, which will provide auditing, node validation, and monitoring services to ensure compliance and security. CertiK will contribute blockchain tools, security audits, and infrastructure support, while Chainalysis offers transaction tracking capabilities and SentBe adds payment and remittance expertise.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as a fiat currency, to minimize price volatility.
  • Security audit: An assessment process that ensures a blockchain system is secure and free from vulnerabilities.
  • Node validation: The process of verifying and approving blockchain transactions by participating nodes to maintain network integrity.