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Samsung and Dunamu are among Korean firms saying they were listed as members of the OUSD stablecoin consortium without prior consultation.
Upbit said it only expressed interest in potentially joining the OpenStandard ecosystem in the future, as several South Korean firms distanced themselves from the OUSD initiative.
Circle dropped 1% today after falling nearly 18% on Tuesday following the launch of the rival stablecoin project OUSD.
Bernstein said OUSD could become the strongest new challenger to the Circle-Tether duopoly, while flagging unresolved questions around governance, operations and revenue sharing.
OUSD, which borrows heavily from Hyperliquid’s USDH playbook, is a new stablecoin that a consortium of more than 140 companies will operate. The post OUSD stole Hyperliquid’s homework — then hit Circle with it appeared first on Protos.
