Wemade said on the 18th that it held the "Project Stable One (PROJECT STABLE ONE)" event, formalized its entry into the won stablecoin business, and unveiled its dedicated blockchain mainnet "Stable One (STABLE ONE)."
At the event, Wemade presented a vision to resolve inconvenience and anxiety through the popularization of a won stablecoin, and to develop a dedicated high-performance blockchain and provide a stable infrastructure. It also put forward "globalization of K-finance" as its core message.
Kim Seok-hwan, Wemade's vice president, said, "Just as K-culture spread through global platforms, the won can create a new financial Korean Wave through stablecoins." Wemade emphasized that stablecoins can drive four financial innovations: ▲ securing transaction transparency ▲ increasing administrative efficiency ▲ improving financial inclusion ▲ low-cost, fast international remittances.
Ahn Yong-un, Wemade's chief technology officer (CTO), explained, "Stable One is a blockchain with global compatibility and high-performance data processing capabilities, and a next-generation infrastructure that meets regulatory and security requirements."
Stable One is 100% compatible with Ethereum, enabling the transfer of existing services, and can process more than 3,000 transactions per second. It also supports a "native fee" function that pays transaction fees with the stablecoin to be issued, provides a dedicated processing space for corporate businesses, and offers APIs optimized for financial networks.
At the event, Wemade demonstrated the issuance, burning, and transfer process of a tentatively named "KRC1" coin and showcased a virtual merchant payment demo to verify practicality. Stable One is currently in internal testing, with plans to open-source the code in October, unveil a testnet in November, and launch officially in the first quarter of next year.