Chainlink Labs has officially joined the Global Alliance for KRW Stablecoin (GAKS), a significant initiative led by South Korean blockchain and gaming company WEMADE. This partnership aims to advance the standards and adoption of KRW-backed stablecoins in South Korea, evident by a recent uptick in the value of LINK.
Chainlink Joins GAKS to Support KRW Stablecoin Standards
The addition of Chainlink Labs to GAKS marks a pivotal moment for the development of KRW stablecoins. Launched in November 2025, GAKS seeks to promote the adoption and standardization of stablecoins backed by the South Korean won. The alliance aims to ensure compliance with both local regulatory requirements and global technical standards.
GAKS comprises a diverse group of members, including security firms, fintech companies, and blockchain infrastructure developers. With Chainlink’s inclusion, the alliance bolsters its technical capabilities with a robust network of oracles, enhancing data integrity, interoperability, and compliance standards.
Chainlink’s Role in Establishing KRW Stablecoin Standards
Chainlink’s participation positions it as a central player in establishing global technical standards for KRW stablecoins. Utilizing its oracle technology, Chainlink connects blockchain networks to real-world data, ensuring that KRW-backed digital assets are transparent, reliable, and compliant.
This collaboration enhances GAKS’s overall credibility, with Chainlink’s solutions already recognized by major global institutions such as UBS, Mastercard, and Fidelity International. These attributes signify that stablecoins under this initiative are designed to meet high regulatory and security standards.
GAKS, supported by Chainlink, is poised to drive actual adoption of KRW stablecoins, emphasizing transparency, trust, and robust technical frameworks. This model could serve as a blueprint for other regulated stablecoin ecosystems globally.
LINK Price Outlook Following Chainlink’s Partnership with GAKS
The announcement of Chainlink’s partnership with GAKS has resulted in a modest boost for LINK, which saw an increase of over 1% in the past 24 hours, slightly outperforming the broader cryptocurrency market. This uptick reflects a blend of fundamental, technical, and market dynamics.
By aligning with GAKS, Chainlink effectively ties the utility of LINK to the regulated KRW stablecoin sector, reinforcing its role as a critical infrastructure element for institutional finance and asset tokenization.
On-chain data indicates significant accumulation from large holders, who have withdrawn LINK from exchanges, thus reducing immediate selling pressure. This trend implies that informed investors see current price levels as a value opportunity, creating a potential foundation for price stability and a rebound.
Technically, LINK is nearing oversold conditions, with a Relative Strength Index (RSI) briefly dropping to 38.95 and the price testing support levels between $11.38 and $11.92. Despite this, broader market indicators remain cautious, as LINK trades below key moving averages, including the 200-day Simple Moving Average around $16.056.
A more notable recovery may require a breakout above $13.40 (7-day SMA). Overall, while LINK could register short-term gains due to its GAKS partnership and technical rebounds, the general trend appears bearish. Sustained upward momentum is likely contingent upon continued institutional adoption, further technical integrations, or positive market developments.
John is a seasoned journalist at The Bothside News, specializing in balanced reporting across news, sports, business, and lifestyle. He believes in presenting multiple perspectives to help readers form informed opinions. His work embodies the publication’s philosophy that truth emerges from examining all sides of every story.
