Solana to issue a Korean-won stablecoin…collaborates with WaveBridge

Solana (SOL) is reported to be moving to issue a Korean-won stablecoin (a virtual asset pegged to fiat currency).

On the 14th, industry sources said Solana signed a strategic memorandum of understanding (MOU) with domestic blockchain financial infrastructure company WaveBridge to issue a Korean-won stablecoin and develop a verification engine.

Through this agreement, the two will collaborate in four areas: △joint development of a tokenization engine that supports the issuance, operation, and verification processes of a Korean-won stablecoin, △promotion of a money market fund (MMF) tokenization project, △on-chain utilization training for domestic commercial banks, and △cooperation to expand the global blockchain ecosystem.

The two plan to jointly design a tokenization engine that goes beyond simple issuance by combining blockchain infrastructure with domestic regulatory compliance at the institutional finance level. The engine is expected to include whitelist management, transfer control, and verification procedures to provide the reliability financial institutions can use in accordance with regulations.