South Korean gaming giant Wemade has announced the launch of Kurrency, a DeFi service aimed at improving ease of use, transparency, and reliability. Kurrency is a service that issues encrypted dollars through collateralized debt positions. Users can entrust the virtual assets supported by the service as collateral to issue WCD (WEMIX Crypto Dollar). WCDs are issued by depositing collateral whose value is greater than the total amount of "over-collateralized" loans issued. WCD will connect Wemade's KLEVA protocol, Wemade DeFi services such as DEX, and other various DeFi services on multiple chains, improving capital efficiency and interconnectivity between services.