Visa and Dunamu Partner on Stablecoin Payments and AI Finance
Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, has formed a strategic partnership with payments giant Visa to explore stablecoin payments and AI-driven finance.
The agreement targets next-generation finance and payments built on stablecoins and artificial intelligence, though the two firms have not yet settled on a specific product structure.
The tie-up pairs the operator of Korea's dominant retail exchange with one of the world's largest settlement networks. Upbit handles the bulk of South Korean crypto trading volume, which has surged in recent weeks as local investors returned to digital assets.
The collaboration focuses on dollar-pegged tokens moving money across borders faster and more cheaply than correspondent banking, an area Visa is already testing in the country, it is working with Shinhan Bank on stablecoin settlement.