Wemade Releases Source Code for Korean Won Stablecoin-Dedicated 'StableNet'

Released via global development platform GitHub
Strengthening security and compliance features... Accelerating oracle implementation

On November 10, Wemade announced that it has released the testnet source code for "StableNet," the first-ever Korean won stablecoin-dedicated Layer 1 blockchain mainnet in Korea, to the public.

StableNet. Provided by Wemade

StableNet is the official brand name for the Korean won stablecoin-dedicated Layer 1 blockchain mainnet that Wemade unveiled at the "Project Stable One" event in September. It offers a variety of specialized features required for the issuance and management of Korean won stablecoins.

Wemade is significantly strengthening the security and compliance features of StableNet. The company plans to natively integrate functions such as user authentication (KYC), anti-money laundering (AML), counter-terrorism financing, and abnormal transaction detection (FDS) into the infrastructure.

In addition, Wemade will continue to enhance the core technology of the StableNet mainnet and will collaborate with major domestic and international technology companies to implement an "oracle" that connects data such as exchange rates, interest rates, and oil prices to the blockchain.

A Wemade representative stated, "The release of the StableNet source code reflects Wemade's commitment to spreading related technology. In addition to making technical efforts to build stablecoin infrastructure that meets financial regulatory requirements, we plan to create a new paradigm in the stablecoin market-'globalizing K-finance'-through global corporate and technology partnerships."

This content was produced with the assistance of AI translation services.