TechFlow news, December 4 — According to News1, South Korean virtual asset custodian BIDAX announced the expansion of its Korean won-pegged stablecoin KRW1 to Polygon. This deployment on Polygon aims to leverage its high transaction throughput and low fee advantages.
Polygon CEO Marc Boiron stated that the integration of KRW1 into Polygon marks a significant step toward building digital asset payment infrastructure, providing a faster and more open financial services foundation for South Korea and the Asia-Pacific region. Ryu Hong-yeol, representative of BIDAX, said KRW1 will maximize accessibility, liquidity, and cross-ecosystem utility through a multi-chain strategy. Polygon is currently collaborating with global companies including Stripe, Circle, and Mastercard to create an optimized environment for the global expansion of KRW1.
