WEMADE Co., Ltd. (CEO: Park KwanHo, hereinafter "WEMADE") has announced the release of "StableNet Wallet Version 2," a private transaction-enabled wallet, as part of its strategic push to scale its KRW-pegged stablecoin business.
StableNet Wallet Version 2 focuses on technically addressing the inherent transparency of blockchain, where all transaction data (deposits, withdrawals, payments, etc.) is publicly visible. To protect sensitive information such as salaries and asset holdings under normal circumstances—while enabling selective disclosure when necessary—the wallet adopts new privacy-preserving technologies.
Achieving Regulated Private Transactions via "Stealth Address" Technology
The core technology adopted by WEMADE is "Stealth Address." This technology fully conceals detailed transaction data from third-party observers, while allowing authorized entities such as financial institutions and regulatory bodies to conduct transparent audits and verifications. This design establishes a regulated private transaction system that simultaneously satisfies both privacy protection and regulatory transparency.
Furthermore, WEMADE has faithfully recreated an intuitive and user-friendly UX comparable to traditional banking applications. Users can securely transfer assets with the same ease as using conventional financial apps, without facing the complexity of blockchain technology or undergoing additional learning processes.
Demonstrating Financial Innovation and Expanding the KRW-pegged Stablecoin Ecosystem
Previously, blockchain-based finance faced challenges in widespread financial adoption due to concerns over exposure of asset sizes and transaction details. However, WEMADE has addressed this issue through StableNet Wallet Version 2, opening the possibility for broader adoption of stablecoins in scenarios requiring discretion—such as ▲ corporate payroll disbursements and ▲ high-volume inter-institutional transfers.
Sokfan Kim, Vice President of WEMADE, stated, "The launch of StableNet Wallet Version 2 is highly significant as it demonstrates financial innovation through a working application that real users can actually use, moving beyond abstract claims. Building on a wallet infrastructure that balances privacy protection with regulatory compliance, we will lead the development of a KRW-pegged stablecoin ecosystem applicable to real-world financial scenarios."
StableNet Wallet is available on both Android and iOS mobile operating systems, as well as a Chrome browser extension for PC. Users can apply for access via the official StableNet website.
[Reference Sites]
・WEMADE Official: https://wemade.com/en/
・StableNet Official: https://stablenet.finance/
Overview of WEMIX
WEMIX3.0 is a service-oriented open mainnet platform developed based on prior experience, meeting core blockchain requirements such as decentralization, security, and scalability. It supports a massive ecosystem (Mega-Ecosystem) through three major platforms: "WEMIX PLAY," a blockchain gaming platform; "NILE," a DAO (Decentralized Autonomous Organization) and NFT (Non-Fungible Token) platform; and "WEMIX.Fi," a DeFi (Decentralized Finance) platform. Each platform hosts a variety of services and business models.
▼ WEMIX Related Sites
・WEMIX Homepage: https://www.wemix.com/
・WEMIX PLAY (BCG PF): https://wemixplay.com/
FACT BOX
- Source: PR TIMES
- Category: New Product