Wemade rallies partners for KRW stablecoin push after years of setbacks

Overview

Wemade has formed a new alliance called GAKS, which includes partners such as Chainalysis, CertiK, and SentBe. This collaboration aims to support the development of a compliant KRW stablecoin mainnet after experiencing several setbacks in the past.

What Happened

Wemade’s GAKS alliance is a strategic move to bring together key players in the blockchain and cryptocurrency space. The inclusion of Chainalysis, a blockchain analysis company, CertiK, a security-focused firm, and SentBe, a payment solutions provider, indicates a focused effort to create a stablecoin that adheres to regulatory standards. This initiative comes after a series of challenges that have hindered previous attempts to launch a KRW stablecoin.

The formation of this alliance highlights Wemade’s commitment to overcoming past obstacles and pushing forward with their goal of establishing a compliant stablecoin in the KRW market. By collaborating with established companies in the industry, Wemade aims to leverage their expertise to ensure the success of this project.

Impact on the crypto market

• The formation of the GAKS alliance signals a renewed effort to develop compliant stablecoins in the cryptocurrency market.
• Collaboration with established firms may enhance the credibility and security of the proposed KRW stablecoin.
• The initiative could influence other companies in the industry to pursue similar partnerships for stablecoin projects.
• A successful launch of the KRW stablecoin could potentially increase interest and investment in the South Korean crypto market.
• The focus on compliance may set a precedent for future stablecoin developments, emphasizing the importance of regulatory adherence.

Updated: 11/29/2025, 4:28:11 AM