KRWQ

KRWQ is a South Korean won stablecoin issued by IQ (with Frax), on 1 chain. Supply is 780.68M KRW ($543.12K), flat over 30 days.

KRW · Asia-PacificIQ (with Frax)Licence unknownfiat-backed
Supply
$543.12K
780.68M KRW
Trading volume
$436.11K
DEX pools, last 30 days.
Transfer volume
$63.90K
Sep 2026, full month
Active addresses
65
Sep 2026, full month

Monthly supply by chain

By chain · USD · trading price when there is one, otherwise today's FX rate

$0$250K$500K$750KJUL 26AUG 26SEP 26OCT 26NOV 26

Supply

USD · since 30 Sep 2025

$0$200.00K$400.00K$600.00K$800.00KAPR 26JUL 26OCT 26

KRWQ · USD/KRW

Rate

1437.40*

USD/KRW.

Gap to the market rate

—*

No gap. This price is not one we measured.

Gap vs market rate

3 months, 1 Aug – 1 Nov.

No measured buys since 1 Sep.

Cost to convert

What a swap costs vs the market rate, fee and price impact included.

No size costs yet: we have no onchain pool quote for KRWQ. Why

bps = basis points. 100 bps = 1%.

* Price from DefiLlama: no onchain pool passed our checks, so no gap.

Apps and protocols

Apps that support KRWQ

Trading

DEXChainsVolume, 30 days
AerodromeBase$364.74K
CurveEthereum$49.27K
HydrexBase$22.09K

Pools we track on GeckoTerminal, 2 Oct–31 Oct 2026.

Lending, payments and other apps: not published yet.

Verify and integrate

IQ (with Frax):

Not found: Licence.

How to get KRWQ

Who can mint
Businesses only
Mint
Only verified institutions (exchanges, market makers) can mint KRWQ.
Redeem
Only verified institutions can redeem KRWQ for KRW; not available to retail.
Payment rails
Not confirmed

Compiled 23 Sep 2026 from public issuer information (layerzero.network, prnewswire.com, krwq.cash). Not advice. Confirm with the issuer before sending funds. Report a correction.

KRWQ contract addresses (2)

As listed on krwq.cash ↗

Not on IQ (with Frax)'s own pages. Found via block explorers and data aggregators.

Each address opens in that chain's block explorer.

FAQ

What is KRWQ?
KRWQ is a South Korean won stablecoin issued by IQ (with Frax) and backed by fiat reserves. 780.68M KRW is in circulation on Ethereum.
How do I mint or redeem KRWQ?

Mint: Only verified institutions (exchanges, market makers) can mint KRWQ. Redeem: Only verified institutions can redeem KRWQ for KRW; not available to retail. Who can mint directly: businesses only. Compiled 23 Sep 2026 from public issuer information; confirm with the issuer before sending funds.

Sources: layerzero.network · prnewswire.com · krwq.cash

Where does the KRWQ supply figure come from?
Read from the KRWQ contracts on every chain we track. Bridged copies are counted once. It agrees with DefiLlama's figure.
How is the KRWQ gap measured?
Its latest USD price (from its pool, or DefiLlama) is compared with the latest market rate for KRW (Wise mid-market, from Reuters) where we have it, else the ECB reference rate. The stablecoin page, the KRW page and the FX page use the same rate, so they show the same gap. Zero means exactly at the market rate, + means it costs more USD than the market rate, − less; 100 bps = 1%.
Why is KRWQ shown in USD?
KRWQ has a trading price ($0.00070, from DefiLlama), so its supply is shown in USD at that price.
Where does this data come from?
Supply
We read KRWQ's supply from its contract on Ethereum. Cross-checked: within 1% of DefiLlama's figure. DefiLlama also lists KRWQ on Polygon, Solana, Morph and Fraxtal, which we don't read.
By chain
Ethereum 100.0% ($543.12K)
Price
DefiLlama's price. No onchain pool passed our checks.
History
Read from the token contracts: one reading per month end from 2025-09-30, then one a day from 2026-05-31.