Gurufin announced on September 24 that it unveiled the "GX Chain," a stablecoin-dedicated Layer-1 mainnet, at "KBW 2025" held at Walkerhill Hotel on September 23. The GX Chain was designed by organically combining its Layer-1 chains, the Governance Chain (Gurufin Chain) and the Stablecoin Chain (Gx Stablecoin Chain).
The "GX Chain" unveiled by Gurufin was designed from the outset with real-life payments and real-time global remittance and settlement in mind, with its key features being reliability, regulatory compliance, and transparency. On this day, Gurufin also demonstrated (Proof of Concept) the entire process of stablecoin issuance, burning, and remittance in real time.
At KBW, Heiner Camacho, Gurufin's Global Strategy Director, gave a presentation titled "Regulation According to Each Country's Laws, Exchange Globally." He pointed out that more than 90% of the 180 to 190 existing stablecoins are based on the US dollar, and that transparency issues persist, such as the lack of real-time reserve disclosures, as well as the risk of depegging due to incomplete collateralization. He introduced the GX Chain model as a new standard to address these problems.
Gurufin then presented the following key criteria for issuing stablecoins based on the Korean won: a 100% cash reserve structure based on the Korean won, a real-time issuance and burning system without artificial intervention, an on-chain real-time audit system, a dedicated Layer-1 mainnet for stablecoins, fast processing speed suitable for everyday economic activities, a design focused on regulatory compliance (including AML/KYC), a stable consensus mechanism (Proof of Authority), ultra-low fees, multinational scalability, and free exchange between stablecoins. In particular, Gurufin emphasized that while local financial regulations must be observed, global exchangeability should also be guaranteed.
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