IQ and Frax's KRWQ adopts Chainlink Proof of Reserve for automated Korean won reserve checks
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Promote with Leviathan NewsKRWQ, the IQ/Frax Korean won stablecoin, adopted Chainlink Proof of Reserve on June 16 to automate verification of offchain reserves backing its 1:1 KRW peg. The integration runs through a KRWQ Chainlink Data Stream and is pitched as the first Chainlink-powered automated reserve check for a won-backed stablecoin. For a won stablecoin trying to build liquidity on Solana and across DeFi, transparent reserves are the part exchanges, market makers, and institutional users actually need to trust.
TLDR by @Benthic
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