---
title: "KRWO (KRWO) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/krwo-gimswap/"
description: "Build-time stablecoin profile for KRWO (KRWO). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# KRWO (KRWO)

**Peg:** Korean Won

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

KRW-pegged stablecoin issued against Open Voucher KRW vouchers at 10,000:1 on Kaia and BNB Chain; CoinGecko flags unrestricted minting risk on BSC. KRWO is a Korean-won stable asset linked to GimSwap and Open Voucher, with CoinGecko coverage on Kaia and BNB Chain. Available materials point to KRW-backed issuance, but reserve and redemption evidence is still thinner than for regulated fiat issuers. CoinGecko's token-risk metadata flags unrestricted minting risk on BNB Chain, keeping the control profile conservative until admin permissions and dilution controls are clearer. The voucher-based issuance lacks third-party {{term:attestation}}attestation{{/term}} and transparent {{term:custody}}custody{{/term}}, leaving the {{term:redemption}}redemption{{/term}} path entirely dependent on GimSwap's own voucher infrastructure.

## Collateral

Open Voucher (OV) KRW vouchers issued by Open Asset and represented on-chain as OV tokens used as collateral for KRWO issuance

## Peg Mechanism

KRWO is issued against OV tokens at a 10,000 KRWO = 1 OV token/voucher ratio; Open Voucher documentation describes OV vouchers as redeemable for Korean won at 1:1 through the Open Voucher service

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| South Korea | N/A | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| klaytn | `0x7fc692699f2216647a0e06225d8bdf8cdee40e7f` | 6 |
| bsc | `0x5868a0bc3a64cff82e19a135e17fe18e18e03bc1` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/krwo-gimswap.