According to Bloomberg, EDXM International, a subsidiary of EDX Markets, a crypto exchange backed by Citadel Securities, plans to launch perpetual futures based on the Korean won stablecoin KRWQ and USDC in early April to track the Korean won-to-US dollar exchange rate. The initiative aims to replace part of the trading functionality in the traditional NDF market with on-chain structures, achieving lower costs and real-time settlement.

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