Leading Korean gaming company, WEMADE, the parent company of the global blockchain ecosystem WEMIX, announced on Monday that Chainlink Labs had officially joined the Global Alliance for Korean Won (KRW) Stablecoins (GAKS). Chainlink Labs is one of the primary contributing developers of Chainlink, which is an industry-standard oracle platform. It powers the convergence of traditional finance systems with on-chain finance. This move signals a deeper push into bringing the Korean won-backed stablecoins into mainstream finance, payments, and cross-border settlement. StableNet is the Layer 1 blockchain mainnet developed by WEMADE specifically for the Korean (won) based stablecoins.
The Chainlink Supremacy
GAKS is an alliance launched in November 2025 to expand the real-world usage of KRW-backed stablecoins. With the strategic support of Chainlink, WEMADE can enhance its competitiveness in the global market, accelerating the establishment of a trusted KRW stablecoin ecosystem. World’s largest financial institutions like Swift, UBS, Euroclear, Mastercard, and Fidelity International have adopted Chainlink’s standard and infrastructure. They also incorporated key data from the US Department of Commerce on-chain and demonstrated their industry leadership with governments and major financial institutions worldwide.
Chainlink’s collaboration with these organizations and the market infrastructures, along with its role in powering the majority of DeFi, makes it an expert and an extremely valuable addition to the KRW stablecoin alliance.
How Chainlink Contributes to the KRW Ecosystem
With the alliance of GAKS, Chainlink Labs provides strategic support, enabling the establishment of global standards that contribute to the development of institutional digital asset use cases across the set of enterprise alliance members. Chainlink also plays a pivotal role in ensuring that the KRW stablecoins maintain data integrity and stability aligned with global financial market standards. By adding Chainlink, GAKS has now assembled a comprehensive alliance spanning security, regulatory compliance, fintech, and data infrastructure, which is followed by a previous partnership with Chainalysis.
This is not the first time Chainlink has contributed to the South Korean stablecoin ecosystem. In September 2025, Chainlink partnered with SOOHO.IO on the project Namsan. The project emphasized implementing KRW stablecoins for foreign exchange and cross-border payments. Chainlink posted on X that this alliance will contribute to advancing stablecoin standards in Korea by leveraging its standard as a whole.
Why Chainlink is Important for KRW Stablecoins
For regulated stablecoins, infrastructure is as important as the issuance. Hence, the introduction of Chainlink can decentralize data oracles and price feeds, ensuring accurate valuation and transparency. The Cross-Chain Interoperability Protocol (CCIP) enables assets to move securely across blockchains. Chainlink will bring compliance and privacy tools to regulated financial environments. It helps in the tokenization and real-world asset (RWA) integration, thereby supporting the financial use cases. These components are particularly relevant in South Korea, where the regulators push full reserve backing, redemption rights, and strict oversight.
By enabling a secure data inflow with incorporated settlement, Chainlink can aid in the functioning of KRW stablecoins beyond just being an instrument in trading. Analysts approach this scenario optimistically, arguing that it could significantly reduce the foreign exchange and settlement costs, specifically for cross-border transfers. This also provides an alternative growing US dollar dominance for South Korea in the digital finance market.
