BDACS has expanded its South Korean won–backed stablecoin, KRW1, to the Polygon blockchain, building its position within one of the world’s most widely adopted and developer‑friendly Web3 ecosystems. This marks the next milestone following a successful proof‑of‑concept (PoC) that demonstrated the stablecoin’s end‑to‑end technical performance—from fiat deposits and issuance to on‑chain verification.

KRW1 is the first KRW denominated, regulatory-compliant stablecoin, 100 percent collateralized with Korean won held in escrow at Woori Bank, a strategic partner of BDACS. With KRW1 now deployed on Polygon, BDACS brings the stablecoin into a broader Web3 environment characterized by high throughput, low fees, and a large global developer base. Polygon has been established as a leading hub for stablecoins, supported by its enterprise‑friendly infrastructure, strong uptime, and integrations with a wide range of wallets, exchanges, and payment networks.

Polygon’s momentum in the global stablecoin landscape continues to grow through major partnerships with companies such as Stripe, PayPal’s PYUSD ecosystem partners, Circle, Mastercard. Its expanding role in real‑world asset tokenization, on‑chain payments, and institutional settlement makes it an ideal environment for KRW1’s next phase of adoption.

By deploying KRW1 on Polygon, BDACS enables faster, lower‑cost, and highly interoperable stablecoin transactions for consumers, developers, and enterprises. This expansion enhances KRW1’s accessibility across diverse use cases from payments and remittances to enterprise integrations.

KRW1’s expansion to Polygon is a key step forward in BDACS’s broader multi‑chain roadmap. With deployment on Polygon, BDACS aims to extend KRW1 across additional high‑performance blockchains to maximize accessibility, liquidity, and cross‑ecosystem utility. This multi‑chain strategy ensures KRW1 can operate seamlessly across multiple environments, supporting both Web3 innovation and large‑scale institutional applications.

“KRW1’s expansion to Polygon is a key step forward in BDACS’s broader multi‑chain roadmap,” said Harry Ryoo, CEO of BDACS. “With deployment on Polygon, BDACS aims to extend KRW1 across additional high‑performance blockchains to maximize accessibility, liquidity, and cross‑ecosystem utility. This multi‑chain strategy ensures KRW1 can operate seamlessly across multiple environments, supporting both Web3 innovation and large‑scale institutional applications.”

“KRW1’s expansion to Polygon strengthens our vision of building the most resilient and globally connected settlement layer for digital money,” said Marc Boiron, Polygon Labs CEO. “Polygon has become a leading home for stablecoins because partners trust the network’s performance, compliance-readiness, and deep integrations across exchanges, wallets, and payment rails. KRW1 brings a new fiat currency into that system, creating a pathway for faster, cheaper, and more open financial services across Korea, APAC, and the world.”