Polygon Adds KRW1 Stablecoin as BDACS Expands Multi-Chain Reach

TLDR:

• KRW1 expands to Polygon as BDACS targets faster, cheaper, and widely accessible stablecoin transactions.
• The KRW-backed stablecoin uses commercial bank deposits to support fully collateralized issuance.
• Polygon’s network integrations position KRW1 for broader use across payments and corporate systems.
• BDACS plans a multi-chain approach to increase KRW1 liquidity and accessibility across Web3.
  

KRW1 has entered the Polygon network as BDACS accelerates its multi-chain stablecoin strategy. The Korean Won-backed asset is now live after a completed proof-of-concept showing end-to-end performance. 

The rollout puts KRW1 inside one of the most used Web3 ecosystems. It also signals BDACS’ broader plan to expand stablecoin utility across enterprise and consumer markets.

KRW1 Stablecoin Expands to Polygon Ecosystem

BDACS confirmed the deployment through its official channels, stating that KRW1 now operates on Polygon after tests showing secure fiat deposits, issuance, and on-chain tracking. 

The company described KRW1 as fully backed by Korean Won held in leading commercial banks, ensuring one-to-one coverage at all times. This positioning gives KRW1 a regulated framework within South Korea’s financial environment.

Polygon was selected due to its speed, low transaction costs, and integration depth across wallets and exchanges. 

BDACS noted that this infrastructure supports KRW1’s move into a wider Web3 environment where users require fast settlement. The network’s footprint in payments and tokenized assets also aligns with KRW1’s planned expansion.

Polygon continues to strengthen its role in stablecoin and on-chain finance. 

Source materials referenced active collaborations with Stripe, Circle, and Mastercard, anchoring Polygon into global payment flows. These developments position the chain as an ideal environment for assets like KRW1 to scale.

KRW1’s launch on Polygon follows Bidax’s strategy to build a foundation for multi-chain interoperability. 

The company expects the move to broaden access for businesses and developers seeking a trusted currency for remittances and corporate operations. Its stated goal is to support Web3 innovation through seamless stablecoin utility across networks.

BDACS Positions KRW1 for Enterprise and Global Use

According to the release, the expansion aims to increase accessibility for users who require predictable, low-cost transactions. 

The firm highlighted opportunities across payments and remittances, two areas where high speed and stable value are essential. KRW1’s broader reach could help companies streamline cross-border processes inside a regulated framework.

Polygon’s emphasis on institutional-grade performance supports KRW1’s integration. 

Contracts, settlement tools, and network reliability have been central to Polygon’s approach in the stablecoin space. BDACS signaled that these capabilities will help KRW1 reach both regional and global markets.

The company also pointed to rising enterprise interest in tokenized fiat and on-chain workflows. 

With KRW1 on Polygon, firms can build systems that rely on stable and transparent value movement. This supports the wider Web3 shift toward operational efficiency and real-time financial interactions.

BDACS stated that KRW1’s multi-chain strategy ensures liquidity and usability across ecosystems. It framed the Polygon deployment as a step toward supporting institutional-grade services. 

The project expects increased demand as companies integrate stablecoins into product pipelines and settlement flows.

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Source: https://blockonomi.com/polygon-adds-krw1-stablecoin-as-bdacs-expands-multi-chain-reach/