As reported by TechFlow, on December 4, South Korean virtual asset custodian BIDAX announced the expansion of its Korean won stablecoin KRW1 to the Polygon network. The move aims to leverage Polygon's high transaction processing speed and low fees. Polygon CEO Marc Boiron stated that the integration marks a key step in building digital asset payment infrastructure, offering faster and more open financial services to South Korea and the Asia-Pacific region. BIDAX representative Ryu Hong-yeol noted that KRW1 will maximize accessibility, liquidity, and cross-ecosystem utility through a multi-chain strategy. Polygon is currently collaborating with global firms such as Stripe, Circle, and Mastercard to optimize the global expansion of KRW1.
BIDAX Expands KRW1 Stablecoin to Polygon Network
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