Samsung, Dunamu Deny Formal Agreement to Join OUSD Consortium Despite Being Listed as Members

According to Chosun Biz, Samsung Electronics, Dunamu, and other South Korean firms said on Friday they had not been formally consulted before being listed as members of Open Standard's proposed OUSD dollar-pegged stablecoin consortium.

A Samsung official told the outlet there were no official consultations and the company does not know what role it would play. Shinhan Financial Group, Dunamu, and KBank stated that Open Standard only inquired about their willingness to participate, and they provided non-committal responses. One unnamed firm said it was surprised to be included after giving a casual response that it would "consider it if things go well." Open Standard announced the consortium earlier this week, saying OUSD would launch within the year.