WEMADE Unveils StableNet: A New Era for KRW Stablecoins

by Li Weicheng

a year ago

Made with AI

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

which are designed to improve the operational efficiency of stablecoin technology for businesses.

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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Consulting Arrangement Raises Questions About Tether and Bo Hines

A reported $63 million consulting arrangement between Tether and Nxum, linked to former White House adviser Bo Hines, has sparked concerns over potential conflicts of interest.

Lucas Weissmann19 minutes ago

Arbitrum Engages European Financial Institutions on Blockchain Infrastructure

Arbitrum representatives presented the network's infrastructure and revenue model to European financial institutions managing substantial assets, discussing its commercial potential and the value of blockchain services.

Filippo Romanoan hour ago

Grayscale Partners with Republic to Launch Specialized Crypto Funds

Grayscale and Republic have launched three specialized cryptocurrency funds with a minimum investment of $2,500 for accredited investors, focusing on decentralized finance, artificial intelligence, and blockchain data infrastructure.

Emily Carter2 hours ago

Deutsche Bank to Launch Institutional Digital Asset Custody Services

Deutsche Bank is set to introduce digital asset custody services for institutional clients in Germany, marking a significant step in integrating cryptocurrencies into mainstream finance.