Samsung Electronics, Dunamu Named in OUSD Push as Firms Question Consortium Listing Claims
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On July 3, 2026 Open Standard announced its Open USD stablecoin initiative and listed roughly 140 global companies, naming Google, Visa, Mastercard, Samsung Electronics and Dunamu as consortium participants. Several South Korean firms said no formal talks occurred, creating credibility and governance concerns that shift focus from adoption and funding to partner verification and regulatory and security risk for the crypto project.
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Google, Visa, Mastercard, Samsung Electronics, Dunamu drew attention after Open Standard introduced its Open USD (OUSD) stablecoin initiative. The announcement listed roughly 140 global companies as consortium participants.
However, several South Korean businesses quickly challenged that claim. They said Open Standard never completed formal discussions before naming them.
The unexpected disclosures created uncertainty around the project’s credibility. Consequently, industry observers shifted focus from the stablecoin’s ambitions to questions about partner verification and governance.
Companies question consortium listings
Samsung Electronics stated it never finalized any agreement with Open Standard. A Samsung Electronics official said, “There were no official consultations, and we do not even know what role we would play (in the consortium).”
Besides Samsung, Du…
Read The Full Article Samsung Electronics, Dunamu Named in OUSD Push as Firms Question Consortium Listing Claims On Coin Edition.
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