Dunamu, Visa explore stablecoin payments and AI

Dunamu, the operator of South Korean cryptocurrency exchange Upbit, announced on Aug. 28 that it had formed a strategic partnership with Visa to explore stablecoin payments, international remittances and AI-driven financial services. Summary Dunamu and Visa will explore stablecoin payments, cross-border remittances, and AI-enabled financial services under partnership. Visa’s Asia-Pacific entity signed the agreement before both companies presented their roadmap in San Francisco. Neither company disclosed a product structure, launch date, supported jurisdiction, blockchain, custody model, or pricing. The partners are evaluating OUSD models after Dunamu described its Open Standard involvement as preliminary. Planned AI work includes agentic commerce, where software searches, purchases, and pays on users’ behalf. Dunamu CEO Oh Kyung-seok and Visa Global President Oliver Jenkyn presented the partnership roadmap at Visa’s Global Market Support Center in San Francisco on Aug. 26 local time. Visa Worldwide Pte. Limited, the payment company’s Asia-Pacific entity, signed the agreement with Dunamu before the event. The partnership is confirmed, but the proposed services remain exploratory. Th...