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🚨 Open USD alliance faces early scrutiny
Several major South Korean companies have denied formally joining the Open USD stablecoin consortium after Open Standard listed them as participants.
🔹 Samsung Electronics, Dunamu, Shinhan Financial Group, and K Bank say they only discussed the proposal or learned about their inclusion through media reports.
🔹 Open Standard says Open USD will let members mint/redeem tokens without fees and share reserve profits, setting it apart from USDT and USDC.