[IQ and FRAX Launch KRWQ, a Korean Won-Pegged Stablecoin] Web3 infrastructure company IQ has partnered with FRAX to launch KRWQ, a stablecoin pegged to the Korean won, compliant with South Korea's stablecoin regulatory requirements. It is primarily intended for payments and liquidity management in DeFi and is not marketed or sold to individual investors within South Korea. KRWQ is now available for trading on Base, Coinbase's Ethereum Layer 2 network. Aerodrome will open the KRWQ-USDC trading pair and establish a liquidity pool. BrainDAO, which manages approximately $40 million in assets, plans to gradually expand liquidity supply based on market demand. LayerZero will support KRWQ cross-chain transfers and provide integrated liquidity.