Samsung and Shinhan Financial Group dispute their listed participation in Open USD consortium, claiming only preliminary discussions occurred.
DeFi & Yields ·
Samsung and Shinhan Financial Group have disputed their participation in the Open USD consortium, despite being listed among its participants. Representatives from both companies stated they had engaged only in preliminary discussions and had not formally committed to joining the initiative. Several other South Korean firms have made similar claims.
The discrepancy has raised questions about the legitimacy of the consortium's published participant roster. Companies reported learning of their inclusion through media coverage rather than through direct communication from Open USD organizers, according to the available reporting. The incident has prompted concerns about the credibility of the membership list and whether corporate involvement was misrepresented.
It remains unclear how the participant list was compiled, what process was used to verify company participation, or how Open USD intends to address the conflicting claims. The extent to which other named members may similarly dispute their involvement has not been established.