Visa Teams Up with Dunamu to Explore Stablecoin Payments and AI-Driven Finance

Dunamu, the parent company of South Korea's largest crypto exchange Upbit, has partnered with Visa to explore stablecoin payments and AI-driven financial services. The two companies will combine Dunamu's digital asset infrastructure with Visa's global payments network.

The partnership will focus on regulatory compliance, transparency, interoperability, and stability. However, it is unclear who will manage customer assets and compliance duties.

Visa has expanded its stablecoin settlements and programmable payment work, including a recent agreement with the Shinhan Financial Group to test stablecoin issuance, remittance, and redemption on its platform.