August 28, 06:00

Dunamu and Visa partner on stablecoins and AI, consider OUSD

Dunamu and Visa partner on stablecoin, AI business; Open Standard's OUSD under consideration

The Block

Dunamu signed a strategic partnership with Visa to develop financial services using stablecoins and artificial intelligence. The companies will explore stablecoin-based payments. They will explore cross-border remittances. They will explore AI-driven finance. The companies also plan to connect stablecoins with existing global payments infrastructure. They said the partnership aims to support safer, more transparent, and interoperable digital asset and payments systems that comply with regulations. Dunamu and Visa will explore agentic commerce, in which an AI agent searches for goods or services and completes purchases and payments for a user. Dunamu CEO Oh Kyung-seok said AI, stablecoins, and tokenization will change finance and commerce. Dunamu also said the partnership will explore potential future use of Open Standard's Open USD, or OUSD. OUSD launched in June and has support from more than 140 global institutions, including Visa, Mastercard, and Google. OUSD is a dollar-backed stablecoin that is not yet live. The project presents OUSD as shared payments infrastructure. It has no minting or redemption fees at scale, and it passes most reserve revenue to participating firms. Dunamu and Samsung Electronics were listed as consortium partners of the OUSD project. Both companies later clarified that they had no formal agreement to participate. A Dunamu spokesperson said OUSD is one of many stablecoin projects under review. The spokesperson said Dunamu is not prioritizing or excluding specific stablecoins. The spokesperson said the final asset will depend on market demand, the regulatory environment, stability, and suitability. Visa announced a stablecoin, AI, and business-to-business payments agreement with Shinhan Financial Group two days before the Dunamu partnership announcement.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.