Dunamu's own blockchain 'GIWA' about to be unveiled... Preparing for a Korean won stablecoin?

Dunamu, the operator of Upbit, the country's top virtual asset exchange by market share, appears to be preparing a new blockchain business called 'GIWA'.

According to foreign media on the 9th, Dunamu is preparing to launch an Ethereum (ETH)-based Layer 2 called the 'GIWA Chain'. In fact, Dunamu recently opened a dedicated website, 'giwa.io', and started a countdown. It has also filed a trademark for 'GIWA' and completed brand registration.

However, the specific nature of the chain has not yet been disclosed. Some suggest that the 'GIWA Chain' could be a chain optimized for Korean won stablecoin transfers. This is because Dunamu previously announced plans to enter the stablecoin business in cooperation with Naver Pay. At the time, a Dunamu official said, "Led by Naver Pay, Dunamu will participate as a technology and infrastructure cooperation partner," adding, "We plan to finalize specific cooperation measures as relevant laws and systems are completed."

But such reports remain at the rumor stage for now. The specific business direction is expected to be revealed at Dunamu's global blockchain conference 'UDC 2025', which opens at 9 a.m. that day.