WEMADE has made a significant stride in the blockchain space with the launch of StableNet, marking Korea's first Layer 1 blockchain tailored specifically for KRW-based stablecoins. The analytical report published in the material substantiates the following: this initiative underscores the company's dedication to pushing the boundaries of blockchain technology.
WEMADE's Commitment to Transparency
The source code for StableNet has been made publicly available on GitHub, reflecting WEMADE's commitment to transparency and community engagement. This new blockchain is equipped with essential compliance and security features, including
- Know Your Customer (KYC)
- Anti-Money Laundering (AML)
- fraud detection systems
Partnerships for Enhanced Integration
In addition to its robust infrastructure, WEMADE is actively seeking partnerships with technology firms to create oracle systems. These systems will bridge the gap between blockchain and real-world financial data, enabling the integration of critical information such as exchange rates and oil prices into the StableNet ecosystem. This move is expected to enhance the utility and reliability of KRW-based stablecoins in various financial applications.
As WEMADE launches Korea's first Layer 1 blockchain for KRW-based stablecoins, Stellar continues to enhance its role in cross-border payments. For more insights, read more.
