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K-STABLECOIN

Meet KONE.

Korean won, connected to the digital world.

KONE is a planned K-stablecoin designed to track the Korean won.

Target value: 1 KONE = ₩1

Coming soon

Planned reserve structure

  1. Planned at launch

    Planned reserves

    USD stablecoin reserves

    KONEKorean-won reference

USD reserves can change in Korean-won value as exchange rates move.

Backed by reserves.

At launch, KONE’s reserves are planned to consist of USD stablecoins. Reserve coverage will be assessed against the Korean-won value of KONE in circulation, with exchange-rate risk forming part of the reserve design.

A clear route into KONE.

Approved institutional partners would supply reserve assets to mint KONE and return KONE for redemption. Eligible users would access KONE through supported platforms.

Institutional route

Approved institutional partners

Supply reserve assets to mint KONE; return KONE for redemption.

KONE issuance and redemption

Returned KONE would be burned and the agreed settlement asset released.

User access

Supported platforms

A separate route to buy and sell KONE.

Eligible users

Access depends on the platform’s terms and regional availability.

Direct issuer redemption would have separate eligibility and settlement terms.

Transparency behind the token.

The planned approach includes disclosures about reserve composition and coverage, supported by independent reserve attestations.

Conditional next phase

A move to fiat reserves would depend on sufficient liquidity and the required issuance, banking and reserve approvals.

Final fiat reserve assets and transition terms remain to be defined.

Future reserves

Fiat reserves

Planned reserves

KONEKorean-won reference

A planned evolution in KONE’s reserves.