Earlier this month, a blog post by Alex Friedberg, the founder of BxB Inc, announced the launch of the first beta in the Airswap, a decentralized exchange platform, before the tokens were released on the global and Korean stock exchanges.

KRWb is reported to be the first stabilcoin produced in South Korea and supported by the national currency. Coin is supported in a 1: 1 ratio.

BxB Inc, using a multi-signed checkpoint and a third-party inspector I Etherea and KWRb's mining to better liquidate through a smart contract process.

The initial investment was secured to an equal value of 400 million ($ 360,000) KRWb tokens. The funds were produced by BxB Inc as well as the investment from Singapore-based BxB Capital PTE Ltd.

KRW is reported to be offered to any ERC-20 compliant service globally by any user. In this way, users do not need to directly access Korean Won to be able to trade.

BxB Inc. continues its ongoing negotiations with South Korea and global exchanges, including plans to announce additional lists in the first quarter of 2011 reportedly.

While the largest stablecoins were fixed to the US dollar, stabilcoins began to emerge to other national currencies. It shows us that these states are increasingly participating in this competition.