WEMIX, a part of the South Korean gaming firm WEMADE, launched 'GAKS,' a global initiative for KRW stablecoins, at the PROJECT STABLE ONE event in Seoul on September 18, 2025. This launch aims to globalize Korean finance via blockchain, potentially impacting Decentralized Finance (DeFi) and cross-border payments, supported by strategic collaboration between government and banking sectors.
WEMIX's Strategic Launch of Global KRW-Stablecoins Alliance
WEMADE, a South Korean gaming leader, has unveiled ‘GAKS,’ a global alliance for Korean Won-stablecoins. This marks a strategic step in the company's blockchain ambitions.
WEMIX, WEMADE's blockchain branch, has developed the Stable One mainnet. This aims to support KRW-stablecoins, partnering with three leading blockchain firms to enhance K-finance on a global scale.
KRW Stablecoins Spark Interest in $239 Billion Market
The alliance has stirred considerable interest in the South Korean crypto market. Both financial and technological sectors are closely monitoring this development.
The Stable One platform aims for 3,000 Transactions Per Second (TPS), targeting South Korea's $239 billion stablecoin market. Analysts predict a significant boost in remittance efficiency, supporting cross-border transactions and domestic adoption faster.
WEMIX Aims to Surpass KRW1 and KRWQ Standards
KRW-stablecoin initiatives such as KRW1 and KRWQ have set industry standards. WEMIX's Stable One is positioned to exceed these in both technological and regulatory compliance.
Experts suggest that WEMADE's move aligns with global trends, emphasizing regulatory collaboration. The integration of Chainalysis ensures compliance, presenting a robust regulatory model.
"We envision WEMIX Play becoming a global gaming platform... powered by our WEMIX blockchain infrastructure and utility token ecosystem," stated Shane Kim, CEO of WEMADE, highlighting the potential for wide adoption.