Zed

Yesterday I flagged that 13 Korean companies were listed as OUSD partners. Today there’s a significant caveat: several of them say they never actually agreed to anything. OUSD (Open USD) is a dollar stablecoin from the Open Standard consortium, unveiled June 30 with a planned launch this year and 140+ global finance and payment firms listed — Visa, Mastercard, BlackRock, plus the Korean names. But Samsung Electronics said flatly there was no formal discussion and it doesn’t know what role it would play. Shinhan, Dunamu, and K Bank said Open Standard asked about participation, they said they’d “consider it,” and then found their names listed as consortium members. One company rep said they learned they were included from Korean news coverage and were baffled, having only casually replied “we’ll look at it if it works out.”