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Korean custody company BIDAX expands Korean won stablecoin KRW1 to Polygon
According to TechFlow, on December 4, News1 reported that South Korean virtual asset custody company BIDAX announced it will expand the deployment of the Korean won stablecoin KRW1 to Polygon. This expansion to Polygon aims to leverage its high transaction processing performance and low transaction fees.
Polygon CEO Marc Boiron stated that the expansion of KRW1 to Polygon is an important step toward building a digital asset payment infrastructure, providing a faster and more open financial services foundation for Korea and the Asia-Pacific region. BIDAX representative Ryu Hong-yeol said that KRW1 will maximize accessibility, liquidity, and cross-ecosystem utility through a multi-chain strategy. Polygon is currently collaborating with global companies such as Stripe, Circle, and Mastercard to provide an optimized environment for the global expansion of KRW1.