Chainlink Labs has taken a significant step in the stablecoin landscape by joining the Global Alliance for Korean Won Stablecoin (GAKS). This collaboration, spearheaded by WEMADE, aims to bolster the adoption and functionality of KRW-backed stablecoins in real-world applications, as stated in the official source.
Announcement of Partnership
The announcement, made in November 2025, highlights Chainlink Labs' commitment to enhancing the technical infrastructure necessary for stablecoin operations in South Korea. By joining GAKS, the company aims to facilitate seamless integration and interoperability of stablecoins within the existing financial ecosystem.
Focus on Regulatory Compliance
Moreover, this partnership is set to address global regulatory compliance, ensuring that KRW-backed stablecoins meet international standards. This move is expected to pave the way for increased trust and adoption among users and businesses. Ultimately, it will contribute to the growth of the stablecoin market in Korea.
In a related development, Coinbase is currently testing the USDF stablecoin, which aims to empower businesses with customizable, dollar-backed tokens. For more details, see read more.
