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Samsung Electronics, Dunamu Deny Formal OUSD Negotiations; Say Names Listed Without Consent

2026-07-03 08:02:04

According to Chosun Ilbo, Samsung Electronics, Dunamu (Upbit's parent company), Shinhan Financial and K Bank denied on July 3 having held formal negotiations regarding Open USD (OUSD). A Samsung Electronics representative stated the company had not engaged in formal discussions and was unaware of its potential role in the alliance. Dunamu, Shinhan Financial and K Bank said Open Standard merely inquired about their interest in participating; they responded with non-committal discussions but found their names listed as alliance members without explicit consent. Open Standard's OUSD stablecoin initiative features zero-fee minting and trading, revenue-sharing among partners, and community governance.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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