Open USD Consortium Accused of Listing Samsung and Others as Stablecoin Partners Without Consent

Odaily reports that Open Standard, the consortium behind Open USD, has been accused of listing companies such as Samsung Electronics as supporters of the OUSD stablecoin project without their consent.

Tony Chung, Head of Blockmedia’s BD division, stated that Samsung Electronics said no formal discussions had taken place and that it was unclear what role it would play in the project.

Shinhan, Dunamu, and K Bank stated that Open Standard had inquired about their interest in participating, and they merely indicated they would "consider" it, only to later find their names listed as consortium members.

Tether advisor Gabor Gurbacs noted that some of the listed partners claimed they had never signed or agreed to anything.

Circle co-founder and CEO Jeremy Allaire commented, "Integrity matters." OUSD is expected to launch later this year. (Bitcoin.com News).