Visa Partners With Dunamu on Stablecoin Payments and AI Expansion
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.
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