> For the complete documentation index, see [llms.txt](https://docs.gimswap.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gimswap.com/introduction/overview.md).

# Overview

<figure><img src="/files/qJWDOH102sJ2nHkhLcwD" alt=""><figcaption></figcaption></figure>

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](https://www.kaia.io/) and [BNB Network](https://www.bnbchain.org/en) to enable seamless Korean Won transactions across the Internet, bridging Web2 and Web3 environments.

{% hint style="info" %}
What is Fiat-backed Asset (FBA)?&#x20;

**Fiat-backed Assets** are assets that hold an equivalent value to fiat currency and can be deposited into or withdrawn from the FBA provider platform in equivalent amount.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

{% hint style="info" %}
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.
{% endhint %}