Upbit operator Dunamu taps MoonPay for stablecoin payments

MoonPay and South Korean cryptocurrency exchange operator Dunamu have agreed to explore a strategic collaboration covering international stablecoin payments among other things. Summary MoonPay and Upbit operator Dunamu have agreed to explore stablecoin payments, international fund transfers and blockchain infrastructure for corporate treasury operations. The companies plan to combine MoonPay’s global financial network with Dunamu’s blockchain capabilities to examine payment services for businesses operating across different markets. Dunamu intends to use MoonPay’s international network to help bring services and digital assets developed within its GIWA blockchain ecosystem to overseas markets. As the partnership remains exploratory, neither company has disclosed a launch timeline, financial terms or the stablecoins that could be supported under the proposed services. In an October 21 press release shared with crypto.news, the companies said they would examine how MoonPay’s global payments infrastructure and partner network could work with Dunamu’s blockchain technology to support cross-border financial services and corporate transactions. The proposed collaboration covers three mai...