Visa (V) Stock: South Korea Stablecoin Push Grows With Dunamu Partnership
TLDR
- Visa has partnered with Dunamu, operator of South Korea’s largest crypto exchange Upbit, to explore stablecoin and AI payment services.
- The deal follows a similar agreement with Shinhan Financial Group earlier this week, deepening Visa’s footprint in South Korea.
- Collaboration will focus on OUSD stablecoin-based payment models and AI-powered agentic commerce infrastructure.
- Visa stock opened at $379.23 on Friday, down 1.2%, with a consensus analyst “Buy” rating and a price target of $414.54.
- North Star Asset Management took a new $48.4 million position in Visa during Q2, while multiple other institutional investors added to existing positions.
Visa is making a series of moves in South Korea, and this week it added another one. The payments giant has signed a partnership with Dunamu, the company behind Upbit, South Korea’s number one crypto exchange.
The deal centres on developing financial payment services using stablecoins and artificial intelligence. Specifically, the two companies plan to explore business models built around OUSD, an open-standard stablecoin.
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