Samsung, Dunamu deny consent to OUSD stablecoin listing

Samsung Electronics and Dunamu issued responses after a recent report named them among participants in the OUSD stablecoin consortium. Both companies say they were listed without formal consultation and did not authorize use of their names.

Samsung Electronics described the appearance of its name on the participant list as unexpected and requested clarification from the project’s organizers. Dunamu, the operator of the Upbit cryptocurrency exchange, also denied having been contacted or invited to join and sought further information from the consortium.

The consortium, identified as OUSD, is presented as a group working on a stablecoin and related infrastructure. The account that listed members included several corporate names; publicly available excerpts of that account did not show agreements or formal invitations for Samsung or Dunamu.

Both firms are based in South Korea and are active in technology and digital-asset markets. Neither statement detailed any prior communications with the consortium’s organizers or outlined potential next steps, such as legal or regulatory action.

Stablecoin consortia typically involve collaborations among banks, exchanges and technology providers to create tokens tied to fiat currencies and to set up custody, settlement and compliance arrangements. Accurate listings of participating companies can affect corporate governance and regulatory visibility.

Organizers of the OUSD initiative have not publicly provided documentation confirming membership for the companies named. Market participants and observers will watch for follow-up from the consortium and any corrections to published member lists. For now, Samsung and Dunamu maintain they were included without consultation and that their names were used without formal approval.