Overview
- KRW1 is now live on Polygon following a proof-of-concept that demonstrated real-time, end-to-end settlement from fiat deposits to on-chain issuance.
- The stablecoin is fully collateralized with Korean won held at commercial banks, with live proof-of-reserves provided through a direct Woori Bank API connection.
- BDACS frames the rollout as a step in a broader multi-chain strategy designed to increase liquidity and broaden access across blockchain ecosystems.
- The deployment targets practical use in payments, cross-border remittances, corporate settlement workflows and institutional operations.
- Polygon was chosen for speed, low fees and integration depth, with ties to Stripe, Circle and Mastercard cited as infrastructure that supports digital payments and tokenized asset use.