Visa Partners with Upbit’s Parent for Stablecoin Payments and Agentic Commerce
Visa has partnered with Dunamu, the parent company of South Korean crypto exchange Upbit, to explore how stablecoins could be used for payments and cross-border remittances. The two firms will combine their technologies to develop services for major markets, including payment flows, remittance rails, and settlement mechanisms.
The partnership also targets 'agentic commerce,' where AI agents can initiate shopping and payment actions on a user's behalf. Dunamu is assessing multiple stablecoin projects, including Open Standard's proposed Open USD (OUSD), but has not prioritized a specific token for the initiative.
Visa's involvement signals interest from a major legacy payments network in integrating digital-asset rails into broader payment infrastructure. For Dunamu, the partnership represents an opportunity to connect its digital asset capabilities to a global network designed to reach consumers, merchants, and financial institutions at scale.