USDKRW

FXLive

Tokenized US Dollar / South Korean Won

Tokenized US Dollar / South Korean Won, on-chain currency exposure settled in stablecoin.

See USD/KRW on /markets →Underlying ticker: USD/KRW

Key facts

On-chain symbol
USDKRW
Underlying
USD/KRW
Asset class
FX
Custody
Held at Flo Finance
Chains
Base, Arbitrum, Ethereum
Distribution treatment
Spot price, no distributions
Attestation cadence
Daily
Issuer
Flo Finance
Backing
1:1 backed by the real underlying

How USDKRW resolves to USD/KRW

Each USDKRW on-chain represents a 1:1 claim on the underlying US Dollar / South Korean Won held at an institutional custodian. The issuer and backing model are the same for every Flo token; only the underlying differs.

  1. 01

    Issuance

    Flo Finance issues USDKRW as a tokenized US Dollar / South Korean Won, 1:1 backed by the real underlying.

  2. 02

    Custody

    The underlying US Dollar / South Korean Won is held at Flo Finance, an institutional custodian.

  3. 03

    Settlement

    USDKRW settles on-chain on Base, Arbitrum, Ethereum. Cross-chain transfers route through Chainlink CCIP.

  4. 04

    Attestation

    Reserves are attested daily by an independent auditor and published on the Flo transparency surface.

Mint USDKRW with one SDK call

Every Flo-issued token shares the same six SDK methods. Mint, redeem, supply, withdraw, borrow, repay.

POST /v1/mint

{
  "asset": "USD/KRW",
  "notional_usdc": "1000.00",
  "slippage_bps": 50,
  "settlement": {
    "currency": "USDC",
    "chain": "base"
  }
}

Where USDKRW lives today

Flo distributes through partners. The same USDKRW on-chain is the asset every partner integrates against; partner UIs may relabel it for their own brand.

Partner integrations in build

No live partner is distributing USD/KRW yet. Twelve integrations are in build across exchanges, wallets, fintechs, neobanks, and asset managers. Partners are listed here only after they ship.

Audits

Four independent firms, $250K bug bounty

Sherlock, Halborn, Cantina, and Cyfrin have audited the smart contracts that issue and settle USDKRW. The same contracts power every Flo-issued token; one audit covers the catalogue.

Read the audit reports →

Backing

1:1 backed by the real underlying

USDKRW is issued by Flo Finance and 1:1 backed by real US Dollar / South Korean Won held at institutional custodians. Reserves are attested daily and published on the Flo transparency surface.

Open the transparency page →

Risks

USDKRW carries the market risk of the underlying US Dollar / South Korean Won, plus the structural risks common to every tokenized asset: custody concentration, smart-contract risk, and oracle dependency. Read the full risk disclosures on the Flo transparency surface before integrating or holding.