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South Korean custodian Bidex has expanded the Korean won stablecoin KRW1 to the Polygon blockchain.

2025.12.04 18:53:20

December 4th — South Korean digital asset custody firm Bidex has expanded distribution of its Korean won-collateralized stablecoin KRW1 to the Polygon blockchain, per News1. Previously, Bidex had announced plans to issue KRW1 on Circle’s Ark blockchain. The addition of Polygon comes as the network offers high transaction throughput and low fees. KRW1 is backed by Korean won deposits held in domestic Korean bank accounts, with collateral funds sourced directly from those accounts.
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