[OUSD Claims Over 140 Companies Involved, Multiple South Korean Companies Including Samsung Electronics Deny Formal Negotiations with Issuer] BlockBeats News, July 3: The Global Stablecoin Alliance, Open Standard, recently announced the launch of the USD stablecoin Open USD (OUSD), claiming participation from over 140 global financial and payment companies, including Visa, Mastercard, BlackRock, Samsung Electronics, and Dunamu, with plans to go live within the year. However, several South Korean companies have stated that they have not engaged in formal negotiations with the OUSD issuer. A representative from Samsung Electronics commented: 'There have been no formal negotiations, and we are unaware of what role we would play in the alliance.' Shinhan Financial Group, Dunamu, and K Bank also stated that Open Standard had inquired about their interest in participating, to which they only responded that a simple evaluation could be conducted. However, their names were subsequently listed as alliance members. An official from one of the companies mentioned that they only learned about being listed as an OUSD alliance member through the news, saying, 'We merely gave a noncommittal response to Open Standard's inquiry, stating that participation could be considered if progress went smoothly,' and expressed confusion about being included in the member list. OUSD adopts an open infrastructure model, aiming for joint operation by companies that provide actual payment, remittance, and settlement services. According to the introduction, participating companies can deposit $1 into Open Standard's reserve account to mint 1 OUSD; conversely, by returning 1 OUSD, they can redeem $1 from the reserve account. Alliance members of OUSD can mint and redeem OUSD without fees or restrictions and plan to distribute reserve earnings to network participants after deducting small administrative fees. (ChosunBiz) [Original Link]