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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
