Visa works with Upbit parent on stablecoin payments, AI commerce
Summary
Visa and Dunamu, parent of South Korea’s Upbit exchange, formed a strategic partnership to explore stablecoin payments, cross-border remittances, settlement services, and AI-driven commerce. The plan combines Dunamu’s digital asset technology with Visa’s global payments network to connect digital assets with traditional finance across major markets. They are also evaluating business models tied to Open Standard’s proposed dollar-backed stablecoin, Open USD (OUSD), though Dunamu has not committed to any single stablecoin. Beyond payments, the companies will examine agentic commerce, where AI agents can search, buy, and pay on behalf of users, using stablecoin infrastructure for settlement.
