Wemade said on the 28th that it officially launched the KRW stablecoin alliance "GAKS (Global Alliance for KRW Stablecoin)."
GAKS was formed to enhance the technical capabilities of "StableNet," Wemade's KRW stablecoin-dedicated mainnet infrastructure, and to begin building a global ecosystem in earnest. Participants in GAKS include Wemade, as well as global Blockchain corporations Chainalysis, CerTiK, and SentBe.
Chainalysis is a data analytics and compliance corporation with more than 1,300 public and private clients across global finance, national security, regulatory, and law enforcement agencies, including the Federal Bureau of Investigation (FBI), the Securities and Exchange Commission (SEC), and the Department of the Treasury. Through this partnership, Chainalysis plans to integrate into StableNet the web3 threat detection technology "Hexagate," the transaction monitoring technology "Sentinel," and the artificial intelligence (AI)-based fraud prevention technology "Alteria."
CerTiK, a web3 security service corporation, will handle security audits for StableNet and supply a block explorer to focus on improving the transparency and credibility of the infrastructure. SentBe, a leading overseas remittance Fintech company that provides remittance and payment services in 33 multicurrency options across 174 countries, plans to work with Wemade to validate a stablecoin-based cross-border remittance infrastructure.
Kim Seok-hwan, a vice president at Wemade, said, "GAKS is an alliance that builds the entire process, from the underlying technology of stablecoins to the service areas where they are actually used, together with the world's top corporations," adding, "We will focus all our capabilities on complying with global standards and building an unparalleled, top-tier KRW stablecoin infrastructure."