According to The Block, on May 13, KRWQ, a Korean won-denominated stablecoin created by IQ Company and Frax, expanded to Solana network to support on-chain won liquidity. The deployment will enable KRWQ to serve as the core settlement asset for won-denominated trading on Solana, supporting use cases including perpetual futures, on-chain forex markets, arbitrage strategies, won-dollar stablecoin cross-margin trading, and institutional and algorithmic trading systems. The team cited Solana’s low-latency execution and deep liquidity as key factors for the network selection.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Treasury Company Upexi Reports $109M Net Loss in Q3, Posts 250M SOL Holdings
According to Cointelegraph, Solana treasury company Upexi reported a net loss of $109 million in Q3, driven primarily by $92.3 million in unrealized losses on digital assets. Total revenue grew 46% year-over-year to $4.6 million, mainly from staking income. As of March 31, Upexi held 2.5 million Sol
GateNews3h ago
USDC Treasury Mints 250 Million USDC on Solana Today
According to Whale Alert, USDC Treasury minted 250 million USDC on the Solana blockchain today (May 13) at 10:56 AM Beijing time.
GateNews6h ago
U.S. Spot Solana ETFs See $19.069M Net Inflows on May 12, BSOL Leads With $15.972M
According to SoSoValue data cited by ChainCatcher, U.S. spot Solana ETFs recorded net inflows of $19.069 million on May 12. Bitwise Solana Staking ETF (BSOL) led with $15.972 million in daily inflows, bringing its historical total to $899 million.
Fidelity Solana Fund ETF (FSOL) followed with $3.09
GateNews7h ago
Nasdaq-Listed SOL Strategies Appoints Bitcoin Foundation Co-Founder Jon Matonis as Board Chair on May 12
According to SOL Strategies' official announcement on May 12, the Nasdaq-listed Solana ecosystem treasury company appointed Jon Matonis as board chair. Matonis is a co-founder of the Bitcoin Foundation and a long-time advocate for financial privacy with decades of industry experience. He will play a
GateNews20h ago
Circle Mints 250M USDC on Solana Network in 24 Hours
According to SolanaFloor, Circle minted 250 million USDC on the Solana network in the past 24 hours on May 12.
GateNews05-12 07:00
SNS and PoH Network Enable AI Verification on Solana
SNS has expanded the utility of its .sol domains through a new integration with PoH Network, introducing enhanced on-chain identity verification features within the Solana ecosystem, according to an announcement dated May 11, 2026. The collaboration is designed to help differentiate human users
CryptoFrontier05-12 06:02
