Wemade publishes 'StableNet' source code… blockchain for Korean-won stablecoin

JOON HYOUNG LEE

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.'"

WEMIX