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Crypto DeFi

MoonPay, Upbit parent Dunamu explore stablecoin payments, GIWA expansion

MoonPay and Dunamu, the parent company of South Korean exchange Upbit, are exploring a collaboration on stablecoin payments, the two companies said. They also plan to look at ways to broaden global access to Dunamu’s Ethereum Layer 2 network, GIWA. No financial terms or timeline for the partnership were disclosed.

Original source

AI take

The pairing is notable less for stablecoin payments themselves than for what it signals about the infrastructure layer: a payments provider and a major exchange operator jointly looking at a proprietary Layer 2 suggests stablecoin settlement is being treated as a distribution question, not just a product one. South Korean exchange groups have largely kept their on-chain ambitions domestic, so any move toward global access for GIWA would be a meaningful shift in posture. With no terms or timeline disclosed, whether this remains a exploratory arrangement or hardens into something concrete is the open question.

Generated by AI for reference only.

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