KRWQ (KRWQ) stablecoin analytics
KRWQ is a Korean won stablecoin issued against USDC, frxUSD, and Korean Treasury Bonds; KYC-gated and not offered to South Korean residents.
Static Profile
Static stablecoin profile
KRWQ (KRWQ) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Korean Won.
AI summary / Updated May 15, 2026
First 1:1 KRW stablecoin from IQ/Frax, transitioning from USDC backing to a Korean T-bond-heavy reserve via Etherfuse Stablebonds; KYC-gated institutional access. KRWQ is the first stablecoin pegged 1:1 to the South Korean won, launched October 2025 by IQ in partnership with...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Mixed reserves transitioning from USDC-only toward a target mix dominated by short-term Korean Treasury Bonds. Current composition includes USDC (Circle), Frax frxUSD, and tokenized Korean Treasury Bonds issued via Etherfuse's Stablebond framework and held in segregated, bankruptcy-remote custody at Shinhan Securities.
- Peg Mechanism
- Centralized issuance against a 100% reserve. Mint and redemption are gated to KYC-verified institutional counterparties (exchanges, market makers, OTC desks). Ethereum is the canonical mint chain; Base and other destinations share unified supply via LayerZero OFT v2. KRWQ is not offered to South Korean residents pending domestic stablecoin legislation under the Korean National Assembly.
- Jurisdiction
- South Korea / Financial Services Commission (FSC) / Unlicensed; designed for forthcoming Korean stablecoin legislation
- Proof Of Reserves
- Real-Time PoR Reserve source
Snippet Answer
Is KRWQ safe?
Pharos does not mark KRWQ as absolutely safe. Static metadata says KRWQ uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety krwq-iq
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
KRWQ quick answers
What is KRWQ (KRWQ)?
KRWQ is a Korean won stablecoin issued against USDC, frxUSD, and Korean Treasury Bonds; KYC-gated and not offered to South Korean residents. The static profile records its Korean Won peg mechanism as: Centralized issuance against a 100% reserve. Mint and redemption are gated to KYC-verified institutional counterparties (exchanges, market makers, OTC desks). Ethereum is the canonical mint chain; Base and other destinations share unified...
What backs KRWQ?
Pharos classifies KRWQ backing as Real-World Asset Backed. Collateral, per the static profile: Mixed reserves transitioning from USDC-only toward a target mix dominated by short-term Korean Treasury Bonds. Current composition includes USDC (Circle), Frax frxUSD, and tokenized Korean Treasury Bonds issued via Etherfuse's Stablebond... Reserve evidence: Real-Time PoR.
Can KRWQ be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for KRWQ, when applicable, appear in the dossier below.