Wemade publishes 'StableNet' source code… blockchain for Korean-won stablecoin
Summary
- Wemade said it has made the testnet source code of the blockchain 'StableNet' dedicated to Korean-won stablecoins public.
- It said StableNet will be equipped with regulatory and security features such as KYC, AML, FDS.
- Wemade said it plans to use the source code release to promote technology dissemination and, through partnerships with global companies, create a new paradigm in the stablecoin market.
Wemade has released the source code of 'StableNet', a blockchain dedicated to Korean-won stablecoins.
Wemade said on the 10th that it has made the testnet source code of StableNet public. StableNet is a layer-1 blockchain for Korean-won stablecoins that Wemade unveiled at the 'Project Stable One' event last September.
StableNet provides various functions necessary for issuing and operating Korean-won stablecoins. Wemade plans to equip the StableNet infrastructure with regulatory and security features such as identity verification (KYC), anti-money laundering (AML), and suspicious transaction detection (FDS).
Wemade says that StableNet will enable companies to adopt stablecoin-related technologies more easily and efficiently. A Wemade official said, "The release of the StableNet source code reflects Wemade's commitment to disseminating the technology," and added, "Through global corporate and technology partnerships, we plan to create a new paradigm in the stablecoin market called 'K-financial globalization.'"
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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