Samsung and Dunamu, one of South Korea's largest cryptocurrency exchanges, say they were listed as backing members of the OUSD stablecoin consortium without being asked.
According to reporting, both firms discovered their names attached to OUSD's published member list despite having no formal agreement or involvement with the project. Neither company had signed on to support the stablecoin's reserve or governance structure.
The listing matters because a stablecoin consortium's credibility rests partly on who backs it. Members typically commit to maintaining or auditing reserves, providing liquidity, or accepting redemptions at par value. If major names like Samsung are listed without consent, it muddies what those names actually stand behind.
Dunamu runs Upbit, one of South Korea's top exchanges by volume. Samsung's inclusion is particularly high-profile, given the conglomerate's brand weight. Neither firm has confirmed what, if anything, they plan to do about the unauthorized listing.
OUSD is a stablecoin that claims to be backed by short-term US Treasury bills and other liquid assets. The project has pitched itself as a yield-bearing alternative to traditional stablecoins, targeting institutional and retail users who want both stability and a return.
The Block first reported the dispute. Neither Samsung, Dunamu, nor OUSD's backers have provided public detail on how the listing happened, whether it was an error, or what steps—if any—will correct it.