Market news: Korean companies such as Samsung and Dunamu clarified that they were included in the OUSD stablecoin alliance without prior consultation

By: rootdata|2026/07/03 15:42:09

According to The Block, Samsung Electronics, Dunamu (the parent company of Upbit), and several other South Korean companies have been listed as members of the Open Standard's OUSD stablecoin alliance, but many companies stated that they have not formally agreed to participate.

A relevant person from Samsung Electronics told South Korean media that they have not received a formal inquiry and do not know what role they will play. Shinhan Financial Group, Dunamu, and Kbank stated that they only replied "we will look into this matter," and then their names were listed. Other companies claimed they simply responded casually with "we will consider it if things go smoothly," only to find themselves listed, feeling confused.

Open Standard announced this week the formation of an alliance consisting of over 140 institutions, including Visa, Mastercard, and BlackRock, with plans to launch the OUSD stablecoin within the year.

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