South Korean Stablecoin Association GAKS Welcomes Chainlink

Chainlink has joined GAKS (Global Alliance for Korean Won Stablecoin).

The world's largest institutional and enterprise oracle provider for onchain pricing and crypto assets infrastructure is expanding its APAC regional partnerships, with WeMade being a key partner within GAKS. Public governing and advisory bodies are currently integral to maintaining momentum in getting rules passed for offering stablecoin services.

CBO Johan Eid at Chainlink Labs expressed:

"WEMADE and the GAKS alliance are building critical infrastructure for the next phase of digital assets in Korea. Through the strategic alliance with WEMADE, Chainlink is providing industry expertise and key opportunities for GAKS members to leverage the Chainlink platform as they continue to develop stablecoin and tokenized asset initiatives in the Korean and APAC region."

The focus of this primarily is on the provision of accurate market data and safety, as Chainlink has done for many of its institutional partners. Other collaborations for GAKS from this includes working with secure audit and analytics companies Certik and Chainalysis too.