Several major South Korean companies have clarified they never officially signed up for the fresh Open USD consortium even though their names popped up on the participant roster. Open Standard claims over 140 firms are backing its dollar-pegged stablecoin launch later this year.
South Korean Giants Question Their Spot 🌑
The roster showcased heavy hitters from various sectors like Visa Mastercard BlackRock Google Ripple and Standard Chartered. South Korean names thrown in covered Samsung Electronics Dunamu Shinhan Financial Group KakaoBank K Bank Hyundai Card KB Kookmin Card BC Card Hana Card Samsung Card Woori Card NH Nonghyup Card and Hanwha. Yet multiple entities have now pushed back on any formal tie. A Samsung Electronics source revealed to Chosun Biz no concrete talks ever happened with the OUSD team and the firm remains unclear on any role it might hold.
Just Talks No Signatures 🦇
Shinhan Financial Group Dunamu and K Bank echoed similar vibes noting they only received an interest check from Open Standard before replying they would review the idea. Their brands still landed on the list without any binding agreement. One rep even learned about the alliance tag solely through local news coverage and expressed surprise since the company had simply floated a conditional maybe. Gabor Gurbacs founder at Pointsville confirmed after chatting with several listed outfits that none had signed anything binding. He noted either heavy media spin or a misleading roster was at play. This X post fueled further chatter on the platform where one voice flagged the tactic as classic legitimacy borrowing while another highlighted the credibility hit. That thread keeps the DeFi crowd buzzing about next moves. 🕸️
Just another echo from the void by iconofsin.eth 💖
