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FollowingSouth Korean Upbit operator Dunamu and Visa have reached a strategic cooperation to focus on stablecin payments and cross-border remittances.
South Korean Upbit exchange operator Dunamu has established a strategic cooperation relationship with Visa, focusing on cooperation on stablecin payments and global remittances. The tie-up allows one of Asia's largest cryptocurrency companies to work side by side with the global card organization network to jointly build a cross-border digital asset channel.
According to media reports, the cooperation revolves around stablecoin-based payments and international transfers. No launch dates, target regions or product names have been disclosed. For a company known in the region as Upbit, the move marks the extension of Dunamu's ambitions from exchange transactions to payment infrastructure. Upbit remains an important reference point for retail traders in Southeast Asia to keep a close eye on South Korean market flows.
Why stablecoins and remittances are the core focus
Stabillecoins are tokens anchored to the US dollar or legal tender and are designed to achieve fast, low-cost cross-border value transfers, making them naturally suitable for settlement between exchanges, banks and payment networks. Visa has been moving towards this use case and has launched its own stablecoin platform for minting, transferring and managing fiat backed tokens.
Remittances are the second clear pillar and an important real-world use case for cryptocurrency payments in Southeast Asia. In the Philippines, Indonesia and Vietnam, remittances are one of the largest sources of household income. Faster, lower-cost transfers are the most tangible benefit that the stablecoin channel can bring to these markets. Specific implementation details, including which stablecoin to use and the settlement process between the two companies, have not been disclosed. Readers should view the current published scope as intended rather than actual products.
What this cooperation means for regional exchanges
The cooperation between large cryptocurrency operators and global card organizations is significant to market observers because it points to the relevance of digital assets in mainstream payments. Visa's simultaneous promotion of open stablecoin standards shows that card organizations increasingly view fiat-backed tokens as payment infrastructure rather than speculative tools.
Dunamu has been expanding its business landscape beyond spot trading. It conducted a proof of concept for stablecoins and promoted the adoption of GiwaChain, and its ownership structure also changed after the Naver acquisition. The cooperation with Visa extends this infrastructure thrust to cross-border payments. This direction also echoes trends in other parts of the industry. Visa recently participated in the stablecoin settlement test supported by the Monetary Authority of Singapore, and consumer-side integration continues to advance through initiatives such as Samsung Wallet's support for USDC. These collectively point to the construction of stablecoin payment infrastructure in the Asian market.
For ASEAN exchanges and payment companies, the real question is: Can such channels reduce the cost of remittances for the region's estimated 700 million people? And how will local regulators, from the Indonesian central bank to the Philippine central bank, treat stablecoin settlements? These answers, along with the undisclosed terms of Dunamu's cooperation with Visa, will determine its true impact.
