Chainlink Labs Joins Global Alliance for KRW Stablecoin Initiative
Wemade confirms Chainlink Labs as a new member of the Global Alliance for KRW Stablecoin, strengthening collaborative efforts in South Korean digital currency development.
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Terms & Concepts
KRW Stablecoin: A cryptocurrency pegged to the South Korean won (KRW) to maintain price stability relative to the national currency.
Chainlink Labs: Developer of Chainlink, a decentralized oracle network that connects smart contracts to real-world data.
Smart contract: Self-executing blockchain code with terms directly written into the code, facilitating automated and trustless transactions.