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Several major South Korean firms deny formally joining the Open USD stablecoin alliance despite being listed.

Market News
03 Jul 2026
Crypto news
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Several prominent South Korean companies, including Samsung Electronics and Dunamu, have denied formally joining the Open USD (OUSD) stablecoin alliance, despite being listed as members. These firms stated they only discussed potential participation and had not committed to the consortium. Open Standard, the issuer, announced OUSD as a U.S. dollar-backed stablecoin to be launched later this year, with about 140 global companies, including major financial and payment firms, expected to participate. The consortium aims to operate as a cooperative network sharing reserve income, differing from traditional stablecoin issuers. However, some Korean companies only learned of their inclusion through media reports and have yet to finalize any agreement.

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