TL;DR
- Visa and Dunamu signed a strategic alliance to explore financial services based on stablecoins, cross-border payments, and artificial intelligence.
- The partnership contemplates the potential use of Open USD, the Open Standard stablecoin backed by more than 140 international institutions, including Mastercard and Google.
- Two days earlier, Visa announced a similar collaboration with Shinhan Financial Group, another major South Korean financial conglomerate, in stablecoins, AI, and B2B payments.
Visa and Dunamu, the parent company of South Korean exchange Upbit, announced a strategic alliance to develop next-generation financial services based on stablecoins and artificial intelligence.
The agreement combines Dunamu’s digital asset technology with Visa’s global payments network to explore stablecoin payments, cross-border remittances, and AI-driven finance, all within existing regulatory frameworks.
The goal of the partnership is to achieve safer, more transparent, and interoperable use of digital assets by integrating stablecoins into global payments infrastructure. Oh Kyung-seok, CEO of Dunamu, stated that “the expansion of AI, stablecoins, and tokenization is a key trend that will change how finance and commerce operate”, and noted that cooperation with Visa will allow the company to connect digital assets with traditional finance to create new global financial experiences.
Visa and Dunamu Set Their Sights on Agentic Commerce
On the artificial intelligence front, both companies will focus on so-called agentic commerce, a model in which an AI agent searches for goods or services and completes purchases and payments autonomously on behalf of the user. It is one of the most discussed use cases in the emerging industry born from combining AI with financial services.
Dunamu also explicitly mentioned the possible use of Open USD (OUSD), the dollar-backed stablecoin developed by Open Standard and launched in June 2026. The project has the backing of more than 140 international institutions, including Mastercard and Google, and aims to become shared infrastructure for payments without issuance or redemption fees at scale, where reserve revenues are distributed among participating firms.
However, a Dunamu spokesperson clarified that OUSD is just one of several stablecoin projects under review. “We do not prioritize or exclude specific stablecoins,” the representative said, underscoring that the final decision will depend on a comprehensive assessment of market demand, the regulatory environment, stability, and asset suitability.
Just two days ago, Visa formalized a similar collaboration with Shinhan Financial Group, another top-tier financial conglomerate in South Korea, across the same three areas: stablecoins, artificial intelligence, and B2B payments.
