Upbit says it only expressed interest in future OUSD participation
Upbit denied participating in the issuance of Open USD, saying its operator Dunamu only expressed possible interest in future expansion of the OpenStandard ecosystem. The clarification came after Open Standard listed more than 140 businesses as having “signed up to use” the dollar-backed stablecoin, including several South Korean firms. Samsung Electronics also said it had not held formal talks with the project and did not know what role it was expected to play, while Shinhan Financial and KBank said they had only shown conditional interest. Open Standard says OUSD will allow free, unlimited minting and redemption and share reserve earnings with participants, but industry figures have questioned the model. South Korea’s stablecoin rules are still unresolved, leaving legal uncertainty over who can issue stablecoins and what roles companies can take.
