Chainlink Labs has officially joined GAKS, a won-based stablecoin alliance led by Wemaide.

On Jan. 27, Wemaide said it signed a partnership with Chainlink Labs, the core developer of Chainlink, a leading platform in the oracle sector.

GAKS, launched in November last year, was formed to comply with global regulations including Korean financial standards and to expand real-world use of won-based stablecoins. Wemaide will use the latest addition to strengthen competitiveness in global markets and build a trusted ecosystem.

Chainlink Labs will support the development of GAKS strategy. Based on extensive technical support experience, it will help establish global standards and contribute to enabling member companies to use the Chainlink platform to identify institutional digital asset use cases.

Chainlink is a platform adopted by global financial institutions such as SWIFT, UBS and Mastercard. With the latest addition, GAKS is expected to receive help in ensuring data integrity and stability that meet global financial market standards for won stablecoins.

With Chainlink Labs joining after Chainalysis, Certik and SentBe, GAKS has completed an alliance that spans security, regulation, fintech and data infrastructure.

Johann Eid (요한 에이드), chief business officer at Chainlink Labs, said, "Based on a strategic partnership with Wemaide, we will actively support GAKS member companies so they can advance stablecoin and tokenised asset businesses in Korea and the Asia-Pacific region."

Seok-hwan Kim (김석환), a vice president at Wemaide, said, "Chainlink joining will be a major turning point for GAKS in securing global-level technical completeness and trust." He added, "Through close cooperation with global partners, we will build a sound won stablecoin ecosystem."