Wemade Launches StableNet Testnet for Korean Won Stablecoin

Blockchain gaming company Wemade has unveiled the testnet for its Korean won stablecoin network, StableNet. According to Foresight News, StableNet is distinct from general blockchains, as it is specifically optimized for the issuance and operation of stablecoins. Its key advantage lies in the elimination of additional Gas fees, allowing transaction fees to be paid solely with the non-volatile Korean won stablecoin. Furthermore, it offers priority processing for certified accounts of corporate and financial institution partners. The network employs a proprietary blockchain consensus algorithm, WBFT, enabling instant transaction confirmation within one second and supporting a processing speed of up to 3,000 transactions per second.