Open Standard Lists Samsung, Other Firms as OUSD Partners Without Consent, Industry Experts Question Project Credibility

According to reports from Blockmedia and industry sources, Open Standard, the consortium behind the OUSD stablecoin backed by over 140 companies, faces allegations of listing partner companies without their formal approval. Samsung Electronics, Shinhan, Dunamu, and K Bank denied signing agreements or approving their inclusion as consortium members, with Samsung stating there was no formal discussion. Tether advisor Gabor Gurbacs and The Big Whale CEO Raphaël Bloch confirmed these companies told them they never agreed to participate. Circle CEO Jeremy Allaire criticized the announcements, stating "Integrity matters." The OUSD project is expected to launch later this year.
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