Chainlink Backs KRW Stablecoin Standards Through New Korea Alliance

Chainlink’s role shows how data reliability and regulation are shaping KRW stablecoin development in South Korea.

South Korea is moving closer to allowing privately issued KRW stablecoins, prompting early industry coordination. In response, infrastructure providers and compliance firms are stepping in before formal rules are finalized. Against that backdrop, a new alliance has been formed to help KRW-backed stablecoins reach everyday use.

Stablecoin Development in Korea Attracts Global Blockchain Infrastructure

Chainlink Labs has officially joined the Global Alliance for KRW Stablecoin (GAKS), an initiative led by WEMADE. Focusing on expanding real-world use of Korean won–backed stablecoins, the alliance will align with domestic financial rules. Chainlink Labs will support technical standard setting and infrastructure development, drawing on its experience across global markets.

WEMADE introduced GAKS in November 2025 as a long-term effort to bring KRW-backed stablecoins into real economic use. The group formed as South Korea began drafting rules for private stablecoin owners. It also focuses on meeting local financial requirements while allowing global access.

Chainlink Labs’ participation adds a major infrastructure provider to the group at a time when stablecoin policy in South Korea grows.

Under the alliance, several companies will take on different roles covering compliance, security, and payments. On the other hand, Chainlink Labs provides the data and oracle layer that underpins price feeds, reserve verification, and on-chain settlement logic.

Chainlink Brings Market Data Experience Into Korea’s Stablecoin Effort

Chainlink operates as a core data provider for digital asset markets, connecting blockchains with real-world financial information. Major institutions such as Swift, UBS, Euroclear, Mastercard, and Fidelity International already rely on its systems.

Ongoing work across regulated finance and decentralized markets makes Chainlink relevant to the KRW stablecoin infrastructure.

Within the GAKS framework, the network will support shared technical standards and help alliance members develop institutional-grade digital asset products. Support will also extend to tokenized asset use cases among alliance members.

Chainlink will focus on accurate data delivery and system reliability, essential for KRW stablecoins operating under global financial requirements.

WEMADE stated that the partnership improves its ability to compete globally while helping to build a trusted KRW stablecoin ecosystem. Collaboration across specialized firms is central to that plan, particularly as regulation becomes clearer.

Johann Eid, Chief Business Officer at Chainlink Labs, said the alliance builds core infrastructure for Korea’s next phase of digital assets. He added that Chainlink will contribute practical industry experience and offer opportunities for members.

“Chainlink’s participation marks a significant milestone for GAKS in securing global-level technical excellence and trust. Through close collaboration with Chainlink, we will continue to build a sound KRW stablecoin ecosystem.”

Kim SukWhan, vice president of WEMADE, said.

Data Reliability Becomes Focus in Korea’s KRW Stablecoin Plans

Activities around stablecoins picked up in South Korea during mid-2025. Lawmakers proposed in June that private firms be permitted to issue KRW-backed stablecoins. Although the broader Digital Asset Basic Act has been postponed to 2026, more targeted stablecoin rules are expected to move ahead sooner.

Under the proposed rules, issuers must follow strict regulations. At the same time, authorities are reviewing approval for spot crypto ETFs.

Meanwhile, stablecoin volumes in South Korea climbed more than 60% from mid-2024 to late 2025. Pressure on won and the growing use of dollar-pegged tokens helped drive demand, drawing attention to locally regulated KRW-based options.

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