OUSD claims that over 140 companies are participating, but Samsung Electronics and multiple other Korean companies say they have not formally negotiated with the issuer.

BlockBeats News, July 3 - The global stablecoin alliance Open Standard recently announced the launch of the dollar stablecoin Open USD (OUSD), stating that over 140 global financial and payment companies including Visa, Mastercard, BlackRock, Samsung Electronics, and Dunamu are participating, with plans to go live within the year.

However, several Korean companies have stated that they have not formally consulted with the OUSD issuer. A Samsung Electronics representative said: "There has been no formal consultation, and we do not know what role we will play in the alliance." Shinhan Financial Group, Dunamu, K Bank, and others also stated that Open Standard had inquired whether they were interested in participating, and the companies only responded that they could conduct a simple evaluation, but their names were subsequently included in the alliance member list.

A corporate representative said that they only learned through the news that their company had been listed as a member of the OUSD alliance, adding that "we only lightly responded to Open Standard's inquiry about participation, saying we could consider it if things go smoothly," and expressed confusion about being included in the member list.

OUSD adopts an open infrastructure model, with the goal of being jointly operated by companies that actually provide payment, remittance, and settlement services. According to the introduction, participating companies deposit $1 into the Open Standard reserve account and can mint 1 OUSD; after returning 1 OUSD, they can redeem $1 from the reserve account. OUSD alliance participants can mint and redeem OUSD without fees or restrictions, and plan to distribute the income from reserve management to network partners after deducting small management fees. (ChosunBiz)