Blockchain gaming and technology firm Wemade has added Chainlink Labs to its Global Alliance for KRW Stablecoins (GAKS), reinforcing the consortium’s oracle and data infrastructure as South Korea continues to debate stablecoin regulation.
The partnership positions Chainlink as a key technical contributor, supporting data integrity, infrastructure standards, and tokenized asset use cases for won-pegged stablecoins. Rather than issuing a stablecoin itself, Wemade is focusing on building compliance-ready infrastructure that can adapt once regulatory clarity emerges.
The move follows GAKS’ earlier collaborations with Chainalysis, CertiK, and SentBe, forming a broader ecosystem aimed at security, monitoring, and cross-border remittance support. Together, these partners are laying the groundwork for a regulated Korean won stablecoin environment without directly assuming issuer risk.
Chainlink’s Role in the KRW Stablecoin Alliance
Under the partnership, Chainlink will provide oracle services that enable accurate price feeds, onchain verification, and standardized data access for alliance members. These capabilities are essential for institutional-grade digital asset systems, particularly those designed to meet regulatory and compliance requirements.
Wemade said Chainlink will also help drive standardization across the alliance, allowing participants to integrate reliable data infrastructure as StableNet — a dedicated mainnet for KRW-backed stablecoins — continues development.
“Through close collaboration with Chainlink, we will continue to build a sound KRW stablecoin ecosystem,” said Wemade vice president Kim SukWhan, emphasizing the alliance’s long-term infrastructure focus.
Regulatory Uncertainty Shapes an Infrastructure-First Strategy
GAKS was launched in November 2025 as part of Wemade’s effort to reset its blockchain strategy after facing operational and regulatory challenges in previous years. By concentrating on infrastructure rather than issuance, the alliance is positioning itself to move quickly once South Korea finalizes its stablecoin framework.
Regulatory uncertainty remains high. At the Asian Financial Forum in Hong Kong, Bank of Korea Governor Lee Chang-yong cautioned that won-denominated stablecoins could complicate foreign exchange management and capital flow controls. These concerns continue to influence legislative discussions in Seoul.
Lawmakers are still divided over whether only banks should be permitted to issue KRW-pegged stablecoins or whether non-bank entities should be allowed under strict oversight. Until those questions are resolved, Wemade and its partners are opting to build compliant, modular infrastructure that can support future issuers without assuming direct regulatory exposure.
