RIZON

RIZON is a public chain from Korea's Hdac Technology, live on mainnet since September 2021, built on the Tendermint engine and Cosmos SDK and connected to other Cosmos chains through IBC. Rather than general-purpose computation, it targets moving offline business on-chain: modules for issuing and governing fiat-referenced stablecoins let licensed institutions mint local-currency assets, move them across chains over IBC and settle payments, supply chains and cross-border flows with custody and clearing modules.

It belongs to the financial-purpose branch of the Cosmos ecosystem, discussed for making stablecoin issuance a chain-level primitive. The ATOLO token came from a 1:1 swap of the earlier HDAC coin and covers staking, fees and governance, with validators earning block rewards and fees in proportion to delegation; validators including Cosmostation and Everstake produce blocks, and governance adjusts fee and stablecoin parameters.