Samsung, Visa, Google shocked by OUSD alliance list: says "We never joined" (V:NYSE)
11 Articles
11 Articles
A consortium led by Visa, Mastercard and Coinbase kicked off a new stablecoin in an Open Standard initiative. The goal is to accelerate the global adoption of these indexed digital currencies...
Open USD Membership Claims Challenged After Samsung, Others Dispute Participation
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. Korean Companies Push Back The lineup featured some of the world’s largest companies acro…
Open USD Consortium Accused of Listing Samsung and Stablecoin Partners Without Consent
The allegation centers on the consortium's public presentation of its partner roster. According to reporting from the Chosun Ilbo , the Open USD project listed Samsung and other entities as partners on its materials, despite those companies not having agreed to such an association.Read more...
Open USD Backlash: Consortium Faces Allegations of Faking Key Stablecoin Partnerships
Some companies that appeared to be listed in the Open USD Consortium have refused to approve their inclusion. Blockmedia’s BD Head, Tony Chung, indicated that Korean powerhouse Samsung stressed it did not consent, while other names also offered similar takes. Open USD Immersed in Unapproved Inclusion Scandal With Companies Like Samsung Open Standard, the consortium […]
The debut of Open USD, a new dollar-linked stablecoin, came under scrutiny after Samsung Electronics and other South Korean financial firms denied any formal alliance with the project, despite appearing on their extensive list of alleged partners. *** Samsung Electronics said there were no official consultations about its participation in Open USD. Shinhan, Dunamu and K Bank said they only received a preliminary proposal, not a formal endorsemen…
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