According to MetaEra, on December 4 (UTC+8), South Korean digital asset custodian Bidex announced the expansion and distribution of its Korean won stablecoin 'KRW1' onto the Polygon blockchain. Previously, Bidex had announced plans to issue KRW1 on Circle's blockchain platform Ark. In this new issuance, Bidex aims to add a Polygon-based version of KRW1, leveraging Polygon's high transaction processing performance and low fees. KRW1 is a stablecoin backed by Korean won deposits held in domestic bank accounts. (Source: Foresight News)
Bidex Expands KRW1 Stablecoin to Polygon Blockchain
KuCoinFlashShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.