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Open USD's unveiling hit early controversy after multiple Korean companies said they only learned about their inclusion through media reports.
Read full articleSouth Korean crypto exchange Upbit has rejected claims that it is participating in the issuance of Open USD after being listed among more than 140 organizations associated with the proposed stablecoin. According to a statement issued by Upbit, the exchange…
Rising memory chip costs exacerbate AI infrastructure expenses, impacting tech sectors reliant on affordable computing resources. The post Samsung raises LPDDR and commodity DRAM prices by over 20% in Q3, adding fuel to AI infrastructure cost spiral appeared first on Crypto Briefing.
Anthropic is in discussions with Samsung to explore a potential collaboration on a custom AI chip, according to a report by The Information, marking a significant step forward from earlier indications that the company was merely considering entering the chip design space. Key details remain unresolved, including what the chip will be used for, how […]
Some companies that appeared to be listed in the Open USD Consortium have refused to approve their inclusion. Blockmedia’s BD Head, Tony Chung, indicated that Korean powerhouse Samsung stressed it did not consent, while other names also offered similar takes. Open USD Immersed in Unapproved Inclusion Scandal With Companies Like Samsung Open Standard, the consortium […]
Strategy authorizes Bitcoin sales, Open USD takes on USDT and USDC, Fidelity defends Bitcoin security and crypto ramps up political spending for 2026.
Samsung has distanced itself from the founding consortium behind the proposed OUSD stablecoin after being named among more than 140 partners announced for the project. According to a report by Chosun, several South Korean companies listed as founding members of…
The withdrawal of key players like Upbit and Samsung raises doubts about OUSD's partner claims, potentially impacting stablecoin market dynamics. The post Upbit joins Samsung in declining participation in Open USD issuance appeared first on Crypto Briefing.
The denial by major firms highlights potential challenges in securing credible partnerships, impacting the perceived stability and trust in OUSD. The post Samsung, Shinhan, Dunamu deny joining OUSD stablecoin alliance: Report appeared first on Crypto Briefing.
