BIDAX, a South Korean virtual asset custodian, has expanded its Korean won stablecoin, KRW1, to the Polygon network as of December 4. This strategic move aims to capitalize on Polygon's high transaction speeds and low fees, enhancing digital asset payment infrastructure in South Korea and the Asia-Pacific region. Polygon CEO Marc Boiron highlighted the integration as a significant step towards offering faster and more accessible financial services.
BIDAX representative Ryu Hong-yeol emphasized that the multi-chain strategy will boost KRW1's accessibility, liquidity, and utility across ecosystems. Polygon is also working with global companies like Stripe, Circle, and Mastercard to support the stablecoin's global expansion.
BIDAX Launches KRW1 Stablecoin on Polygon Network
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