TokenSquare, BSV Association launch KRW stablecoin infrastructure in South Korea

AI payment infrastructure firm TokenSquare has launched KRWQ, a won (KRW) stablecoin infrastructure, in the South Korean market, ZDNet reported on May 4. The launch follows a strategic partnership with the Switzerland-based BSV Association. The two entities signed a memorandum of understanding (MOU) in June 2025 and have since collaborated on technical verification, node operation structure, and commercialization plans for the KRWQ infrastructure.