Danal joins OpenUSD stablecoin consortium

South Korean payment gateway company Danal has joined the global stablecoin ecosystem as the first domestic PG firm to do so, stepping up its push into the digital-asset payments market, The Asia Business Daily reported. Danal said on Aug. 21 it had officially joined the global "Open Standard" ecosystem and become a key participant in Open USD (OUSD), a U.S. dollar-based stablecoin. Open Standard is a consortium backed by about 140 global companies, including Visa and Mastercard, through a shared governance structure. The initiative aims to establish a new digital finance standard through OUSD, which it describes as a neutral payment asset for digital fund settlement and transfers between institutions.