MoonPay and Upbit parent Dunamu exploring collaboration on stablecoin payments and GIWA Layer 2 expansion.
DeFi & Yields ·
MoonPay and Dunamu, the parent company of exchange Upbit, are exploring a partnership focused on stablecoin payment infrastructure and expansion of Dunamu's Ethereum Layer 2 network. The collaboration would center on developing stablecoin payment solutions while also broadening access to GIWA chain, Dunamu's Layer 2 protocol.
The arrangement pairs MoonPay's payment and onramp capabilities with Dunamu's exchange operations and blockchain infrastructure. GIWA operates as an Ethereum Layer 2 solution, and the partnership would aim to increase its availability to users globally. Dunamu operates Upbit, a major cryptocurrency exchange, giving the collaboration access to existing liquidity and trading volume.
The companies have not disclosed specific timelines, implementation details, or formal agreement terms. It remains unclear whether the partnership will lead to a binding contract, what the division of development responsibilities will be, or when stablecoin payment integrations or GIWA expansion initiatives might launch.