Korean Firms Say They Were Listed in Open USD Alliance Without Formal Talks
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Open Standard listed 13 Korean companies as members of its Open USD (OUSD) dollar‑pegged stablecoin alliance, but several firms including Samsung Electronics, Dunamu, KakaoBank, Hyundai Card and KB Kookmin say they had no formal talks or only early contact. The discrepancy raises adoption and security concerns for the OUSD project and increases regulatory risk as South Korea considers stricter rules for foreign stablecoins, potentially complicating fundraising, token launch and listings on CEXs and DEXs.
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- Samsung and other Korean firms say no formal talks confirmed their OUSD roles.
- Open Standard listed 13 Korean companies despite several reporting only early contact.
- The dispute emerges as South Korea weighs stricter rules for foreign stablecoins.
Several Korean companies say they were listed as members of the Open USD alliance despite holding no formal participation talks. The disagreement emerged after Open Standard described the businesses as participants in its planned dollar-pegged stablecoin network.
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