Open USD Membership Claims Challenged After Samsung, Others Dispute Participation
Open USD's unveiling hit early controversy after multiple Korean companies said they only learned about their inclusion through media reports.
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Read full articleOpen USD's unveiling hit early controversy after multiple Korean companies said they only learned about their inclusion through media reports.
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Some companies that appeared to be listed in the Open USD Consortium have refused to approve their inclusion. Blockmedia’s BD Head, Tony Chung, indicated that Korean powerhouse Samsung stressed it did not consent, while other names also offered similar takes. Open USD Immersed in Unapproved Inclusion Scandal With Companies Like Samsung Open Standard, the consortium […]
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Samsung has distanced itself from the founding consortium behind the proposed OUSD stablecoin after being named among more than 140 partners announced for the project. According to a report by Chosun, several South Korean companies listed as founding members of…
The withdrawal of key players like Upbit and Samsung raises doubts about OUSD's partner claims, potentially impacting stablecoin market dynamics. The post Upbit joins Samsung in declining participation in Open USD issuance appeared first on Crypto Briefing.