Overview

The project tokenizes fiat-backed assets into a Korean Won stablecoin, known as KRWO, to create a more reliable and blockchain-friendly ecosystem for applications. KRWO, a Korean Won stablecoin similar to USDT and USDC, is issued on the Kaia Network to enable seamless Korean Won transactions across the Internet, bridging Web2 and Web3 environments.

What is Fiat-backed Asset (FBA)?

Fiat-backed Assets are assets that hold an equivalent value to fiat currency and can be deposited into or withdrawn from the FBA provider platform in equivalent amount.

What is Korean Won stablecoin?

Korean Won Stablecoin is a cryptocurrency pegged to the Korean Won (KRW), designed to maintain price stability. GimSwap ensures that its stablecoin, KRWO, is backed by fiat currency at a 1:1 ratio, offering resistance to price volatility.