Korea’s first cryptocurrency whose value is linked to the domestic currency, KRWb, will be listed on the Upxide exchange, a Japanese subsidiary.
Fintech startup BXB announced Thursday the listing of its stablecoin.
Unlike other cryptocurrencies, the KRWb is called a stablecoin because its underlying value is linked to the Korean currency. For every KRWb token created, one South Korean will be deposited into the KRWb treasury.
In January, one of the world’s biggest institutional cryptocurrency exchange Bequant in Britain has added the KRWb stablecoin to its exchange.