FraxNet integrates South Korean won stablecoin KRWQ

The South Korean won-pegged stablecoin KRWQ has been integrated into FraxNet, Frax Finance's cross-chain settlement infrastructure designed for compliance with the GENIUS stablecoin bill. KRWQ was launched by decentralized AI and blockchain developer IQ in partnership with Frax Finance. The integration provides investors and institutions with access to KRW-USD settlement rails through Frax Finance's frxUSD infrastructure. The KRWQ team also announced plans to create new liquidity pools with support from Frax and IQ.