Samsung SDS unveils stablecoin infrastructure plans with Dunamu

Samsung SDS has identified stablecoin infrastructure as the first major collaboration area under its investment in Dunamu, outlining plans to combine blockchain, AI and cloud technologies as part of its digital asset strategy. Summary Samsung SDS said its investment in Dunamu is part of a strategy to build digital asset infrastructure rather than a financial investment. The company is discussing stablecoin infrastructure, AI powered payments and virtual asset financial systems with Dunamu. Samsung SDS reported 17% cloud revenue growth and a 75% jump in external cloud business during the second quarter. The company plans to expand its AI infrastructure from 110 MW today to more than 800 MW by 2031. According to Samsung SDS during its second-quarter earnings conference call on Wednesday, the company has been discussing stablecoin infrastructure, AI-powered next-generation payments and virtual asset financial system integration with Dunamu, the operator of South Korea’s largest cryptocurrency exchange Upbit. Samsung SDS has outlined how its Dunamu investment will be used Samsung SDS President Lee Joon-hee said the company’s stake in Dunamu was made to enter the digital asset infrastru...