KRW-based stablecoin "KRWb" fully disclosed! What are its functions

The world's first KRW-backed stablecoin KRWb is announced for public release!

On January 29, the complete public release of the stablecoin “KRWb,” which is pegged 1:1 to the Korean won (KRE), was announced on the official KREb blog.

Hwan Kim, CEO of fintech company BXB Co., Ltd., which developed KREb, spoke about this announcement on the official blog as follows.

Mr. Hwan Kim

We hope that, as time passes, we can grow into a new flat cryptocurrency solution that improves the way business is done both domestically and internationally, beyond stablecoins and cryptocurrencies.

Korea is one of the world's largest cryptocurrency markets, with KRW-denominated trading accounting for about 30% of global trading volume.

However, until now, in Korea, moving in and out of KRW, the legal tender, has been subject to strict regulations due to capital outflows.

And those regulations have caused foreign exchange risk for Korean investors and enterprises dealing with KRW.

However, with the official announcement of the stablecoin KRWb this time, it is attracting attention for its potential to reduce exchange risk.

【Table of Contents for this Article】

1. Announcement of the world's first KRW-backed stablecoin KRWb!
2. Wiki-like basic information about the stablecoin “KRWb”
3. What is the stablecoin “KRWb”
4. How to use the stablecoin “KRWb”
5. The future of the stablecoin “KRWb”
6. Articles related to cryptocurrency in Korea

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