Open USD Membership Claims Challenged After Samsung, Others Dispute Participation
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Several major South Korean companies have said they did not formally join the newly announced Open USD (OUSD) consortium despite being listed as participants. Open Standard still says it assembled over 140 businesses to launch OUSD, a dollar-pegged stablecoin later this year, a development that raises questions about consortium credibility, adoption and potential market impact for crypto and stablecoin projects.
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Several major South Korean companies have said they have not formally joined the newly announced Open USD (OUSD) consortium, despite being listed among its participating organizations.
Open Standard, the independent entity behind the stablecoin, previously said it had assembled over 140 businesses to launch OUSD, a dollar-pegged stablecoin, later this year.
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