Woofun AI reports that Open Standard announced the launch of the USD stablecoin OUSD, claiming participation from over 140 global entities including Visa, Mastercard, and BlackRock, with a planned live debut within the year.

However, Samsung Electronics explicitly stated there have been no official negotiations and uncertainty regarding any potential role in the alliance. Other Korean firms such as Dunamu and K Bank noted they only provided preliminary assessments after inquiries, yet found themselves listed as members without formal agreement. An industry insider expressed confusion over being included after a casual response to an inquiry. The project utilizes an open infrastructure model where participants can mint and redeem OUSD at a 1:1 ratio with USD reserves, aiming to distribute yields after deducting management fees.