Korean won FX markets are moving onchain. With USDC as the settlement layer, @IQAICOM’s @KRWQcash are helping create a more transparent and accessible KRW-USD market structure, with trading costs that are 50%–75% lower than traditional KRW NDF markets. By pairing KRWQ with USDC, they were able to support: → Deeper KRW-USD liquidity → Tighter spreads and better price formation → Broader institutional distribution https://www.circle.com/case-studies/krwq(Circle)