Samsung unit explores stablecoin infrastructure with Upbit’s operator

Samsung SDS is discussing stablecoin infrastructure and AI-based payment models with Dunamu, the operator of South Korean crypto exchange Upbit.

Samsung SDS, the IT services arm of Samsung Group, is exploring stablecoin infrastructure, digital asset systems and AI-based payment models with Dunamu, the operator of Upbit, one of the biggest local cryptocurrency exchanges.

Samsung SDS said it is discussing potential cooperation with Dunamu on stablecoin infrastructure, digital asset systems and AI-based payment business models, CEO Lee Jun-hee said during the company’s second-quarter earnings call on Thursday.

“We have already secured differentiated business capabilities in digital asset infrastructure through the Korea Securities Depository’s tokenized securities platform project and through end-to-end validation [...] of the full stablecoin process from issuance to settlement,” Lee said. He said he expects the relationship with Dunamu will help Samsung SDS expand in the digital asset infrastructure market.

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