The Open Standard consortium launched OUSD, a new dollar-backed stablecoin. Companies listed as partners expressed confusion and denied involvement. The project announced backing from about 140 global firms, including Visa, Google, and Samsung Electronics. However, several named companies have since refuted formal alliance membership.
South Korean companies have vocally expressed surprise at their inclusion. A Samsung Electronics official stated the company had "no official consultations" regarding its role. Other firms stated they only agreed to a preliminary review of the OUSD proposal. They expressed perplexity at their listing as full consortium members, which casts doubt on the project's claims.