# South Korean stablecoin initiatives

> Live situation record from CLSTR: https://clstr.news/situations/south-korean-stablecoin-initiatives
> Updated: 2026-07-30T21:39:47.000Z. Sources: 2. Developments: 2.

In early July, South Korean companies objected to being listed in the Open USD stablecoin consortium, signalling disputes over their role in emerging stablecoin projects.

By the end of July, Samsung SDS announced a partnership with Dunamu, the operator of the Upbit exchange, to build a full stablecoin lifecycle and broader digital‑asset infrastructure. The collaboration follows Samsung SDS’s May investment—along with Samsung Securities and Samsung Card—in a 4 % stake in Dunamu, highlighting a move toward deeper domestic cooperation in stablecoin issuance, settlement and payment models.

## Timeline

### 2026-07-30: Samsung SDS partners with Dunamu to build stablecoin infrastructure

Samsung SDS will work with Dunamu, Upbit’s operator, to develop stablecoin and digital‑asset infrastructure, building on a recent 4 % stake investment and leveraging its cloud and AI expertise.

2 sources. https://clstr.news/cluster/samsung-sds-partners-with-dunamu-to-build-stablecoin-infrastructure

### 2026-07-03: South Korean firms dispute being listed in Open USD stablecoin consortium

South Korean firms including Samsung Electronics and Dunamu say they were listed as members of Open Standard's Open USD stablecoin consortium without formal agreement, raising questions about the project's vet​

3 sources. https://clstr.news/cluster/south-korean-firms-dispute-being-listed-in-open-usd-stablecoin-consortium

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Cite as: South Korean stablecoin initiatives. CLSTR, https://clstr.news/situations/south-korean-stablecoin-initiatives