Dunamu and Visa collaborate on stablecoin payment services

Dunamu, the company behind South Korean crypto exchange Upbit, is partnering with Visa. The two parties are announcing a strategic partnership focused on stablecoin payments, international remittances and financial services involving artificial intelligence. Concrete services have not yet been defined; both parties want to develop the collaboration step by step, taking into account laws and regulations.

In brief:

• Dunamu and Visa are entering into a strategic partnership in the area of stablecoin payments and AI-driven financial services.
• The collaboration may also include services around the dollar stablecoin OUSD from Open Standard.
• Both parties are also exploring so-called agentic commerce, where AI makes purchases independently on behalf of users.

Stablecoin payments and international remittances take centre stage

According to Yonhap News, Dunamu and Visa announced the partnership on 28 August. The focus is on developing new financial services in the area of stablecoin payments and cross-border transfers.

The two parties are also looking at business applications around OUSD, the dollar stablecoin from Open Standard. The range of stablecoins is growing worldwide, and major financial institutions are increasingly exploring their own stablecoin solutions, such as JPMorgan, which is researching its own stablecoin.

AI takes over payment transactions from users

A notable element of the collaboration is the attention to agentic commerce. This is a form of commerce in which AI systems independently search for products and services and make purchases on behalf of the user, including the full payment.

Dunamu and Visa want to map out the technology and infrastructure required for this together. What exactly the services will look like and when they will become available has not yet been determined. Both companies indicate that they want to carefully review the relevant laws and regulations before taking concrete steps.