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Open USD (OUSD) Alliance sparks controversy after announcing members, Samsung, Dunamu and other Korean companies say no formal consultation.
Deep Tide TechFlow news, July 3, according to Chosun Biz, Open Standard announced the launch of the U.S. dollar stablecoin Open USD (OUSD), planned to go online within the year, claiming that over 140 financial and payment-related institutions including Visa, Mastercard, BlackRock, Samsung Electronics, Dunamu, Hanwha, etc. are involved.
However, several Korean companies stated that they had not previously engaged in formal negotiations with the issuer, and some institutions only responded that they could evaluate after the project matures, but were subsequently listed as alliance members.
OUSD intends to adopt an open joint operation model, allowing participants to issue and redeem at a rate of 1 USD to 1 OUSD, and distribute reserve proceeds to network partners after deducting a small management fee. The market believes that this model may be intended to challenge the dominance of Tether and USDC in the USD stablecoin market.