Among the 140 alliance partners of OUSD, there are over a dozen South Korean financial institutions. According to Naver's report, these South Korean financial institutions stated that they haven’t had formal negotiations with the company issuing OUSD. This is similar to what was discussed here two days ago: https://(x.com)/qinbafrank/status/2072218452643983684?s=46&t=k6rimWsEbo2D2tXolYcM-A. A lot of companies coming together might look impressive and powerful, but anyone who’s actually run a business knows the friction costs involved (inevitably, each institution has its own agenda, leading to increased negotiation and time costs). That said, OUSD is basically confirmed to be a Stripe-led industry alliance project, so it should still achieve at least a certain scale and impact.