KRW1, the Korean won–pegged stablecoin from BDACS, has officially been rolled out on the Polygon network — a move analysts say could strengthen South Korea’s position in global digital payments while paving the way for next-generation regulatory standards.
The launch follows a successful proof-of-concept testing phase, where BDACS confirmed that KRW1 could move seamlessly from fiat deposits to on-chain settlement in real time. Now live on Polygon, the stablecoin is positioned for wider use across payments, cross-border remittances, and enterprise blockchain integrations.
Real-Time Bank-Linked Proof-of-Reserves
A key feature of KRW1 is its transparency model. BDACS says the stablecoin remains fully backed by fiat reserves held at major Korean commercial institutions, including Woori Bank. The company has integrated directly with Woori Bank’s API to provide real-time proof-of-reserves, giving users and institutions ongoing visibility into the backing behind KRW1.
Industry experts say this approach puts BDACS ahead of South Korea’s upcoming digital asset regulations, which are expected to emphasize stronger disclosure and risk controls. The real-time verification model may also help attract corporate and institutional users that prioritize transparent collateral systems.
Why Polygon? Low Fees, High Throughput, and Enterprise Adoption
Polygon has spent the past few years building an ecosystem centered on scalability, low fees, and enterprise-grade integrations. The network already collaborates with global firms such as Stripe, Circle, and Mastercard, offering an interoperability layer for wallets, exchanges, and payment networks.
Polygon representatives say KRW1 fits directly into the network’s strategy for digital payments and regulated asset tokenization. With its high throughput and cost-efficient infrastructure, Polygon provides KRW1 with the ability to process large transaction volumes — something crucial for remittances, payroll flows, and corporate settlement systems.
Industry analysts note that using Polygon may give KRW1 a competitive advantage over regional stablecoins tied to slower or more expensive blockchain networks.
Expanding Global Reach for the KRW Stablecoin
The multi-chain expansion is part of BDACS’s broader effort to boost KRW1’s liquidity and make the stablecoin accessible across multiple blockchain environments. Observers say the Polygon launch could help position KRW1 as a preferred on-chain KRW asset for businesses integrating Web3-based financial tools.
Researchers also point to practical use cases where KRW1 could make an immediate impact — including public-sector assistance programs, international payroll distribution, corporate treasury automation, and emergency-aid transfers, all of which benefit from fast verification and settlement.
Growing Influence in the Asia-Pacific Stablecoin Market
With more Asia-Pacific countries exploring tokenized payment systems, KRW1’s expansion is expected to influence how regional players approach multi-chain strategies. Analysts believe the Polygon deployment may shift competitive dynamics, pressuring stablecoins operating on slower legacy networks.
As global companies and institutions continue evaluating blockchain-based payment infrastructure, KRW1’s move to Polygon signals a step toward broader adoption of fiat-backed digital currencies across the region and beyond.
Also Read: Woori Bank Brings Bitcoin Into Its Seoul Trading Room
